25/04/2017 DOW Industrials technical analysis

The price has increased rapidly these days, including gaps in that rise, after a clear double bottom at a price level around 20400. This has caused the price to approach a resistance that is close to the level of 21100, Which being a round number, psychologically is a great level to see a rebound. Waiting for a rebound in the resistance, may be most likely, but be very pending to break if the rapid rise continues.

Kommentera:

The price was close to reaching marked resistance, taking a break is these last two days, this indicates a possible exhaustion, so we must be prepared for a further recoil in price, although we do not rule out the possibility of a new approach to theresistance.