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Dow Jones sets to challenge higher target amid reopening economic
Dow Jones is set to test the swing high near 24750 as economic reopening outweighed the negative economic data.
Key level at 24200–24250 should be defended in order for Dow to test higher targets. A bounce up from this support level could see Dow to test 24550 followed by 24750. Strategy like this to long on support level is shown in the video below, on identifying support and resistance levels for swing trading:
Below are the potential long setup for Dow Jones index (DJI) for trading session on 11 May 2020 when there is a bounce up around support area 24200–24250.
Entry: long limit order at 24250
Stop loss: 24135
Take profit: 24550, 24750
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Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
