INDU price movement, August 11, 2020.

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INDU is now rising as the price is moving to an up slope channel and above the moving average. INDU is trying to reach the 28.075 level. if bullish momentum is strong, it is likely to hit the 29.127 level. Please pay attention to the 26008.7 level. If it breaks through this level and the price closes bellow that level, then the current scenario will be automatically canceled. Beware the Divergence from the MACD Oscillator.

The overall bias for #INDU is bullish.

(Disclaimer)

The material has been provided by InstaForex Company - www.instaforex.com