Dow Jones Analysis (Daily Time Frame)
In the past week, the Dow Jones Index opened with a bearish gap, but quickly recovered and filled the gap, reaching as high as 45,060 with strong momentum. However, in the last two days of the week, selling pressure pushed the index down to 44,300.
- Main Scenario: Given the characteristics of the last daily candlestick, the index is expected to first move towards 43,800. If this level is broken, the next downside target will be 43,097.
- Alternative Scenario: If the index reverses from the current zone or even from 43,800 and breaks above 45,060 with confirmation, the Dow Jones could experience new all-time highs.
Dow Jones Analysis (4-Hour Time Frame)
- Main Scenario: If the index breaks below 44,200, the next target will be 43,800. A further breakdown of this level could push the index down to 43,100.
- Alternative Scenario: If the Dow Jones finds support in this region and moves upward, a break above 44,840 could lead it towards its historical high of 45,090 and potentially higher levels.
Dow Jones Analysis (15-Minute Time Frame)
- Main Scenario: The Dow Jones is expected to move towards the 44,197 support level. If it breaks and stabilizes below this level, the next target will be 43,800.
- Alternative Scenario: If the index finds support at 44,197 and rebounds, breaking above 44,500, it could then target the 44,837 level.