Trading news

Dow Jones – prognosis via Dow Theory for calendar week 45/2015

Weekly chart:

The big picture is showing a valid downtrend with a correction zone between 17372 points and 18074 points. In the meantime, the price has recovered so much that it has even been able to reach the correction zone again. Now it remains to be seen how much power the buyers still have.

Chart1

Daily chart:

In the daily chart, the downtrend also cannot be overlooked. The upper limit of the correction zone was already tested last Friday, but could not, however, be overcome. If this should happen, this trend would be broken and we could focus on a new uptrend.

Chart2

Hourly chart:

By now we can see a new, valid uptrend in the hourly chart, which is currently beginning a correction. Ideally, the price will correct to the last point two at 17627 points in order to then pick up a new movement once again. With a stop beneath the correction zone at 17590 points, one could speculate on this new movement.

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.

Monday, 02 Nov, 2015 / 6:15

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