Trading news

Dow Jones – outlook via Dow theory

Weekly chart:

The blue chip index is slowly beginning to show strength again. As you can see in the following chart, the green correction zone has been defended more than just once, which hints at the significance of this zone. The way up to the top could now be free once more.

Chart1

Daily chart:

The situation is also slowly becoming clearer in the daily chart. If today ends positively and with a closing price above the last point two at 16426 points, this is equivalent to a continuation of the trend, and with this we would have a valid trend again. However, for an entry it is still a little too early.

Chart2

Hourly chart:

The hourly chart has been in an uptrend for quite a while now. Currently we can see another trend continuation with a correction zone between 16572 and 16500 points. As long as the price does not exit this zone downwards, the trend will remain intact and an entry could be worth it.

Chart3

I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

All the best

Markus Gabel

Head of Sales/Trading

AgenaTrader/TradeEscort

AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Wednesday, 24 Feb, 2016 / 6:54

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