Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Technical analysis of #INDU for Aug 02, 2018

August 2, 2018 Analytics

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If we look at the daily chart of #INDU, we can clearly see this index is already moving in a bullish bias. Since the Mercury Retrograde motion phenomenon started, #INDU get a correction to the downside. It is already confirmed to by the Stochastic Oscillator making a divergence with the price. Approximately the price will go to the ETA for lowest level on Aug 8, 2018. After that day #INDU may start going up again until to the end of the Mercury Retrograde motion on Aug 18, 2018 as long as this index does not break and close bellow the 24,970.20 level.

(Disclaimer)

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

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