Dow Jones IA: consolidation 17938-17247, no signal

DJIA wide consolidation between 17938 and 17247, which may continue, good levels for positions are around the lines of the channel.

Price is in the middle of the consolidation below the MA, but there is no signal for position.

A decline is very possible but we don’t have signal.

Foundation is mixed on the U.S. stock market, a correction is very possible because of the strong dollar and a rise in the interests.

 Varchev Traders

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