Dow Jones is set to test the swing high near 24750. 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.
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.
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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