Dow Jones Analysis (Daily Time Frame)
As highlighted in last week’s analysis, the Dow Jones index continued its bearish trend and ended the trading week after breaking below the 42,234 level.
- Main Scenario: Given that the last daily candle closed below the critical support at 42,234, the index is expected to continue its decline toward the targets of 41,678 and 39,979.
- Alternative Scenario: If the index regains the 42,686 level, the next target will be the 43,468 zone.
Dow Jones Analysis (4-Hour Time Frame)
- Main Scenario: The Dow Jones index is expected to continue its downtrend after a temporary upward retracement, targeting the 41,678 and 39,979 levels.
- Alternative Scenario: If the upward retracement extends to the 42,686 level or beyond, the index could easily reach the 43,468 resistance zone.
Dow Jones Analysis (15-Minute Time Frame)
- Main Scenario: If the index breaks above the 42,214 resistance level, the next target will be the 42,459 range.
- Alternative Scenario: If the above scenario does not materialize and the index breaks below the 41,885 support, the next target will be 41,678.