US30 Weekly Technical Analysis -- Expect Mild Correction
Dowjones (US30) Extending rally on November after bottoming out on end of October month. It almost near to the 10% rally, In previous weeks not even hit the support levels rise to extended resistance levels and trading on overbought zone. On this week i am expecting mild correction to my weekly support zone 1 of 35000 -- 34870 levels.
Weekly support and resistance zone:
Neutral Zone -- 35320 - 34280
Support zone 1 -- 35000 - 34870
Support Zone 2 -- 34520 - 34420
Resistance Zone 1 -- 35770 - 35870
Resistance Zone 2 -- 36225 - 36280
Weekly support and resistance zone:
Neutral Zone -- 35320 - 34280
Support zone 1 -- 35000 - 34870
Support Zone 2 -- 34520 - 34420
Resistance Zone 1 -- 35770 - 35870
Resistance Zone 2 -- 36225 - 36280
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