Dow Future - Reference levels on closing basis, Dow has been falling after hitting 26k post the China US probable deal and come now to the lower end of the trading range.
The references are just near by now on the daily chart. Dow has been forming a LL LH pattern lately ( Lower Low and Lower High ) which indicates distribution is going on.
Dow Fu - reference levels
Real Problem to start when we break these so called reference levels.
We will be looking at a retracement for the entire trump rally after we break these reference levels. The retracement levels are further 10% lower from the current prices. So, keep a eye on the retracement levels, if we break them then get ready for a lot which can happen post that.
Dow Fu - Retracement levels