DJ30 has been ranging lately without a proper direction. At the support level of 37300, we see the level being breached and the pair about to go down. We will be holding our sells at the 37300 as selling at the support is risky. Therefore, once our sells are triggered, it can impulse its move down.

The ascending trendline has broken out for sells as well. The price action will validate the breakout sell. 

There is no retracement in this pair as the move is really minimal.

EMA 50 is bearish and is steeped downwards, indicating a strong bearish trend forming.

RSI is at 30. It needs to neutralize itself at the 50 level to align with the technical factors to continue moving down.

DJ30 just broke the 37300 support

Jan 17 2024