Dow Jones Transport

12 Aug 2021 ‚óŹ 04:37 AM

Dow Jones Transport (DJT) has closed above 40DEMA in yesterday's trading session and it looks like wave V should now unfold. However, in the near term, the 61.8% retracement level of the fall is at 15383 and that will be a crucial resistance level to watch out for. A close above 15383 can eventually push the DJT higher towards the high of wave III of 16170. The recent low of 14242 will now be a crucial support level on the downside.

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