RSI Edge suggests Rally in Dow Jones can extend till 25000 levels

Dow Jones witnessed a strong rebound in the mid session.  Buyers took control all out and pushed the index up very strongly. This rally is expected to continue till 25000 – 25100 levels. The next RSI resistance zone is situated in the said area.

However this move up does not warranty a trend end to the downward “corrections” A bearish price action at 25000 – 25100 levels will be a perfect short creation opportunity in the index, as suggested by RSI Edge

Leave a Reply

Your email address will not be published. Required fields are marked *

About us

ProRSI is a premium trading mentorship program which helps you trade profitably

+91 9748173333

Mon - Sat 9.30 - 19.00

Sunday closed