Dow Jones Technical Analysis – Daily Timeframe
In the daily timeframe, the Dow Jones is oscillating within an ascending channel. In the past week, after encountering the upper boundary of the daily channel, it underwent a downward correction and is now trading again in this area following a price increase.
The $39,500 demand order block can be considered a strong zone for potential price reversal.
Dow Jones Technical Analysis – 4-Hour Timeframe
On a 4-hour timeframe, the Dow Jones experienced a significant rebound after encountering the 40,000 USD demand zone and is currently trading near the 41,500 USD resistance level.
Dow Jones Technical Analysis – 15-Minute Timeframe
In a 15-minute timeframe, the Dow Jones is consolidating at the upper boundary of the channel, coinciding with the 41,500 USD resistance level. A decisive break below the channel’s support and the 41,200 USD supply zone could indicate a deeper correction.