DJ30 is still bullish the formation of higher highs and higher lows. The seam of the continuation of the indice is heading towards the upper resistance which would tap the next resistance in the bullish momentum. We will be continuing trading the trend on the indice. The previous resistance turn support has broken out and is yet to be retested once again.

The ascending trendline has no confluence or confirmation with the fellace of the upwards momentum. 

There is no retracement on this pair at the moment. 

The EMA 50 is still bullish and the market is yet to retest the EMA 50 at the level of confluence from where the market can form the technical analysis of the price action to continue moving up.

RSI is at 60. It needs to dwell towards the neutralized level of 50 or lower towards the over sold region from where the bullish divergence can be formed. 

DJ30 buys from 35100

Nov 28 2023

Pending

Published 284d ago

40229.65

Current price

35053.69

Entry price