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Trading Dow Jones: Wait for a lower high

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Dow Jones Index - Daily Chart Momentum: MACD: Positive RSI: Neutral Trend Stochastic: Sell Daily Price Action Trend: Negative Last relevant high: 16,485.8 Last relevant low: 15,803.5 Comment: It was a volatile session yesterday in the US, with the bears clearly in control at the start of the session, but with a rally towards the end of trading suggesting that the bulls might be interested at these levels. Technically we have formed a negative trend, but from looking at the graph it does seem

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