The Dow Jones is currently trading in a tight consolidation range just below its major resistance zone near 45,200.
After a strong bullish rally, the index is showing signs of exhaustion with lower volatility and sideways price action — forming a potential rectangle pattern. This type of structure typically signals a continuation or reversal, depending on the breakout direction.
📌 Key Levels to Watch:
Resistance: 45,200 – A breakout above this level may trigger a strong upside rally toward
Support: 44,050 – A breakdown below this can open the door for a retest of 43,200 or even 42,000.
Price is coiling — the market is waiting. The next breakout could set the tone for weeks to come.
After a strong bullish rally, the index is showing signs of exhaustion with lower volatility and sideways price action — forming a potential rectangle pattern. This type of structure typically signals a continuation or reversal, depending on the breakout direction.
📌 Key Levels to Watch:
Resistance: 45,200 – A breakout above this level may trigger a strong upside rally toward
Support: 44,050 – A breakdown below this can open the door for a retest of 43,200 or even 42,000.
Price is coiling — the market is waiting. The next breakout could set the tone for weeks to come.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.