Dow Jones Technical Analyses

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The daily chart below shows the perspectives of the index. The last bar is a long-legged doji (or a highwave) according to the candlestick technique. This means that the market "lost its orientation" and reversal movement is possible. Besides the price reached a 61.8% Fibbonacci level which is an important point. The only thing that suggests the upside way for us is that the price went above the Moving Avarage (34). In this case we should look for another resistance level which is 10507.

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