Dow Jones Technical Analysis – Daily Timeframe On a daily timeframe, the Dow Jones initiated a price correction after reaching the upper boundary of its ascending channel. The order block zone highlighted in the chart presents a compelling demand area for potential buyer entry. Dow Jones Technical Analysis – 1-Hour Timeframe In the 1-hour timeframe, the Dow Jones experienced a deeper correction after breaking below the lower boundary of the ascending channel and pulling back to the channel’s lower area. Currently, the $40,000 demand zone can be considered a potential price reversal area. If the price rebounds from this level, we

Dow Jones Technical Analysis – Daily Timeframe The Dow Jones is currently trading within an ascending channel, having experienced significant growth over the past week. It is now consolidating near the channel’s upper boundary. If it fails to break above this resistance level, a pullback to the demand zone around 39,400 is likely. Dow Jones Technical Analysis – 1-Hour Timeframe On a 1-hour timeframe, however, the Dow Jones is currently undergoing a correction towards the lower boundary of the ascending channel after reaching its upper limit. A breakdown below the channel’s support level could indicate further bearish momentum. Conversely, a breakout

Dow Jones Technical Analysis – Daily Timeframe The Dow Jones Index experienced a significant upward trend after entering an ascending channel. However, during its latest encounter with the resistance at the upper boundary of the channel, a deep price correction was observed, extending down to the support at the lower boundary of the channel. In the past week, efforts to break the previous resistance and establish a new high within the channel were unsuccessful. This price action has strengthened the likelihood of a trend change from bullish to neutral or even bearish, necessitating a more thorough analysis of market conditions. Dow