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14 reasons to watch this significant DJ30 resistance closely

Highly tested, verified resistance at 2-month high

DJ30 price action at resistance is very similar to what we saw in the Hang Seng Index last week. It is a confluence of symmetry that is very suggestive of reversal chart pattern in combination with price action. After repeated testing, price is unable to break above the level which indicates its strength and significance.

Plan accordingly.

DJ30 resisted at 2-month high

Price action at 2-month high indicates resistance level

More price action at same level

The more times a level is tested, the more significant it is

Overshooting and near-misses are acceptable.


Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.

“Dear reader, I do not have a financial license to give advice. I do not know you the reader. Your financial objective and risk tolerance may be different from mine. I am not responsible for any consequence of your action.

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