Market Overview:
The Dow Jones index holds above the support zone at 44,183 after a local correction. The broader trend remains bullish, with the primary target set near the monthly resistance zone at 45,000.
Technical Signals & Formations:
— Completed ABCD pattern
— Support confirmed at H8 level (44,183)
— EMA acting as dynamic support
— Upside potential toward channel resistance
Key Levels:
Support: 44,183, 43,455
Resistance/Target: 45,000
Scenario:
Primary: If Dow Jones remains above 44,183, continuation toward 45,000 is likely.
Alternative: A break below 44,183 could trigger a deeper correction toward 43,455.
The Dow Jones index holds above the support zone at 44,183 after a local correction. The broader trend remains bullish, with the primary target set near the monthly resistance zone at 45,000.
Technical Signals & Formations:
— Completed ABCD pattern
— Support confirmed at H8 level (44,183)
— EMA acting as dynamic support
— Upside potential toward channel resistance
Key Levels:
Support: 44,183, 43,455
Resistance/Target: 45,000
Scenario:
Primary: If Dow Jones remains above 44,183, continuation toward 45,000 is likely.
Alternative: A break below 44,183 could trigger a deeper correction toward 43,455.
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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.
Stop losing money on random trades. Get ready-to-use signals with entry, stop-loss, and targets. Over +1100% profit. 1 month free. Simple. Clear. Profitable.
Join now: t.me/+ve3cSINHpoowNDIy
Join now: t.me/+ve3cSINHpoowNDIy
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.