The Dow Jones Industrial Average® marked another low on Friday and also fell out of the trend channel. However, the bulls started a reversal, which also created a bullish day candle. This resulted in further purchases at the start of the new trading week. A further price jump is indicated in the pre-market period. Ideally, the bulls will close the gap at 27,458 points and thus clean up the chart on the upside. In the area of the gap there is also a horizontal line, with which the zone gains even more significance by 27,450 points.
If, on the other hand, the Dow Jones Industrial Average® falls out of the trend channel one more time and confirms this signal at the daily closing price, a test of the intermediate low at 25,992 points would be regarded as the minimum. On the contrary, there is a risk of a significant relapse in this scenario, whereby the price corridor between 25,010 and 24,765 points should prove to be solid support. At least a rebound from this price level seems likely.
Dow Jones Industrial Average® Index in points on the daily chart; 1 candle = 1 day (logical candle chart display)
Observation period: May 19, 2020 – November 2, 2020. Historical considerations are not reliable indicators for future developments. Source: www.guidants.com
Dow Jones Industrial Average® Index in points on the monthly chart; 1 candle = 1 month (logical candle chart display)
Observation period: November 1st, 2015 – November 2nd, 2020. Historical considerations are not reliable indicators for future developments. Source: www.guidants.com
Turbo Bull on the Dow Jones Industrial Average® Index for speculation that the index will rise
|Underlying||WKN||Ask rate / EUR||Base price / knock-out in pts.||lever||Final valuation date|
|Dow Jones® Index||HR1Y0F||35.48||23,200.00||6.58||December 15, 2020|
|Dow Jones® Index||HR1HYN||18.85||25,200.00||12.39||December 15, 2020|
Source: HypoVereinsbank onemarkets; Status: 03/11/2020; 2:32 pm
Turbo Bear on the Dow Jones Industrial Average® Index for speculation that the index may lose value
|Underlying||WKN||Ask rate / EUR||Base price / knock-out in pts.||lever||Final valuation day|
|DowJones® Index||HR14GG||49.63||32,900.00||4.70||December 15, 2020|
|DowJones® Index||HR1J1M||31.37||30,750.00||7.44||December 15, 2020|
Source: HypoVereinsbank onemarkets; Status: October 39, 2020; 2:34 pm
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The contribution Dow Jones – There is a technical backlash first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).
Author: Bastian Galuschka
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