Participant

DJIA index has managed to broke the daily uptrend line and to close the week below this support line. As you can see from the Daily chart, the price had other four attempts to break this ascending line. We have a short term support between 17543 and 17559. DJIA is now below the support from 17623 and maybe will continue this downward movement.
We also had a bearish divergence, so, I’ve expected to see a corrective phrase on DOW, if the price will decline we have a target at 17034 – 17037 area and lower at the ascending channel support.

djia

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