SirajHudda

DOW Squeezing up.. Which way to go next?

DJ:DJI   DOW JONES INDUSTRIAL AVERAGE
Dow has been in a long term uptrend and has been squeezing up between trend lines that it has been bouncing up and down. The question is will it continue doing so and if yes for how long as the space is almost squeezed out. The next deciding level for DOW is around 18550 to 18700. That is when it has to decide either to break out, continue consolidation by going low till 18200 again or break down and correct more to other trend line support zones or may be do a bigger correction till 15000.. I would assume the time has come to make up the mind.. Trade with Caution!

Happy Trading!!
The Correction might be over for now and we can look for long positions again..
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out