The Dow managed to break below the support of 39800-900 last week and met the target of 39200-300.
Prices managed to also to break below this support 39200-300 which placed more of drop pressure in the market.
As we see on the chart and as long as the market keeps holding below 39200, the downtrend pressure could sustain towards the 38000-200 zone.
Above 39300, a further advance toward 39800-900 is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 38900 | 39200-300 |
| LEVEL2 | 38700 | 39800-900 |
| LEVEL3 | 38000-200 | 40400 |
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The post Dow Jones – 05.08.2024 appeared first on Orbex Forex Trading Blog.
