HotForex
Short

ITW Appraoching Resistance, Potential Reversal!

NYSE:ITW   ILLINOIS TOOL WORKS INC
ITW is approaching our first resistance at 140.10 (horizontal swing high resistance, 100% Fibonacci extension , 38.2% Fibonacci retracement ) where a reversal could occur. Stochastic is approaching resistance as well where we might see a drop in price as it reacts off this level.
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