mql5

Dow Jones daily price broke 200 day SMA/100 day SMA area from above to below to be reversed from the primary bullish to the primary bearish market condition: the price broke 16,814 support level to below for the good bearish breakdown and with 15,295 level as the next bearish target. The price is located on 3-month low for now, and, according to RSI indicator - the bearish breakdown will be continuing in the near future.

Resistance	Support
17,112	16,814
17.911	15,295

If price will break 17.911 resistance level so the price will be reversed back to the bullish market condition.
If the price will break 15,295 support level so the bearish trend will be continuing.
If not so the price will be ranging between the levels.

• Recommendation for long: watch close price to break 17.911 for possible buy trade
• Recommendation to go short: watch W1 price to break 15,295 support level for possible sell trade
• Trading Summary: bearish breakout