Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
The Dow Jones Industrial Average is trading around 51,536, reaching a strong resistance level near the +2/8 Murray line. This resistance zone represents a significant barrier for the Dow Jones, and we could expect a technical correction to occur below this zone.
Given that the Eagle indicator is showing a positive signal, upward pressure is expected to continue in the coming hours and could reach the upper band of the uptrend channel around 52,180 points.
We must be cautious, as at these price levels there is no signal to sell; the most likely scenario would be to wait for a technical correction below 51,500 before resuming buying.
Above 51,560, we can buy if the price breaks above this zone, with targets at 52,700.
Only a consolidation below 51,560 could be seen as an opportunity to sell, or if a pullback occurs toward the upper band of the uptrend channel, we could consider taking short positions.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
