DJIA 11.08.2017
Our expectations: Long-term uptrend. The price reached diagonal support, SMA 200 and FiBo 38.2 and did not managed to break below the zone, thus making long more likely to happen.
Alternative scenario: If the price breaks below the diagonal support and SMA 200, the positive scenario will be dismissed and we can look for short position with SL at 218500.00.
Comments: Technical indicators: CCI(50) - Turning up in zone of oversold - when break level -100, the negative sentiment will weakens. DeM(14) - Also turning up from zone of oversold - positive signal. The price is above SMA 200.
SL: 21800.00
Trader Bozhidar Arabadzhiev
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