Dow Jones Analysis (Daily Time Frame)
As mentioned in the primary scenario of last week’s analysis, the Dow Jones index moved upward after a brief consolidation, reaching the 43,800 zone. Given the nature of the last daily candle, the upward movement is expected to continue at least towards the 44,100 – 44,300 range.
🔹 Primary Scenario (Higher Probability):
If the upward momentum is strong enough to break and consolidate above the 44,300 key level, the Dow Jones index will initially face the 44,800 resistance. If this level is also broken, the index may create new highs.
🔹 Alternative Scenario (Lower Probability):
If the Dow Jones gets rejected from the current area or from the 44,100 – 44,300 range, the first support zone will be 43,380 – 43,100. In case this support fails, breaking it would not be too difficult, and the index could head towards the 42,200 – 41,800 range.
Dow Jones Analysis (4-Hour Time Frame)
🔹 Primary Scenario:
Considering the important support zone where the Dow Jones has held and the strength of the last candle, if the price breaks and consolidates above 43,900, the next targets will be 44,300 and possibly 44,640.
🔹 Alternative Scenario:
If the above scenario does not materialize and the price moves downward, breaking below 43,100, the Dow Jones is expected to head towards the next significant support at 42,200.
Dow Jones Analysis (15-Minute Time Frame)
🔹 Primary Scenario:
Since the 43,500 resistance has been broken, after completing a pullback to this level, the Dow Jones is expected to continue its upward move. If 43,900 is broken, the next target will be 44,100.
🔹 Alternative Scenario:
If the pullback does not happen and instead the price moves downward, breaking and stabilizing below 43,500, the Dow Jones could first drop to 43,360 and then potentially test 43,100.