MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Trading Plan for Dow Jones for April 30, 2018

analytics5ae6f9112d65f.jpg

Technical outlook:

The Dow Jones daily chart has been presented here for a bigger picture of existing wave structure and it shows a potential cone type consolidation/contracting triangle since Jan 29, 2018; highs at 26,698 levels. If you observe closely, the pair has been carving out lower highs and lower lows. The index seems to be into its wave (3) of early stages at present. It the above structure holds true, then prices should stay below 24,869 levels and broadly below 25,750 levels. Having said that, please prepare to sell again around current levels at 24,400/500 with risk above immediate resistance at 24,860 levels. Please also note that a break below 23,500 levels will accelerate the drop and would extend through 20,000 levels in the weeks to come.

Trading plan:

Sell again around 24,400/500 levels stop around 25,000 target 20,000

Fundamental outlook:

Watch out for German consumer Price Index and US PCE Core at 08:00 AM EST and 08:30 AM EST, respectively.

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