Everybody was panic when Dow Jones about to break the strong support at 11875 but luckily the Greece recovered on time. Last week, Dow Jones was bullish to break 2 resistance and towards the 3rd resistance.
Observation
1) Trendline - Uptred- (Bullish)
2) Formed higher high - (Bullish)
3) MACD - breach below 0 and showing uptrend ( Bullish)
4) RSI - Broke above 70% ( Bullish)
5) Sto - Broke above 80% ( Bullish)
6) ADX - normal momentum and Bullish( Bullish)
7) Candle Stick -3 White Soldier and indicating continuous bull ( Bullish)
0 Points
7 Points
Conclusion
Winner BULL
Broke the 2 resistance in style with a 5 in the row White Candle. Let hope this will bull all the way until 12893
Winner BULL
Broke the 2 resistance in style with a 5 in the row White Candle. Let hope this will bull all the way until 12893
Resistance 12893
Support 12378
Support 12378
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