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DJIA: Buy pattern in play

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Dow Jones Industrial Average: Daily Chart Momentum: MACD: Positive RSI: Positive Trend Stochastic: No clear signal Daily Price Action Trend: Positive Last relevant high: 17,220.0 Last relevant low: 16,821.8 Comment: The Dow rallied Friday helped by surprise surprise… rallying oil prices! Unlike the FTSE the Dow moved to new high as the market continues to claw back the loss since the start of the calendar year. A buy pattern has been formed and this will remain in play assuming: 17,015.0 isn’t

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