Dow Jones Analysis (Daily Time Frame)
In the past week, the Dow Jones index continued its range-bound movement between 44,100 and 45,000, similar to the previous week. The key question remains whether the index will break out of this range in the coming days.
- Main Scenario (Higher Probability):
The daily candlestick formations still indicate a continuation of the range, but considering the lower high formation compared to its historical peak and its price inefficiency around the 43,400 level, there is an expectation that the Dow Jones will move downward. If the index breaks and stabilizes below 44,100, the next downside targets will be 43,800 and 43,400. - Alternative Scenario (Lower Probability):
If the index moves upward, breaks the 45,040 resistance, and stabilizes above it, it could form new highs and rally toward 47,100.
Dow Jones Analysis (4-Hour Time Frame)
- Main Scenario:
If the Dow Jones finds support around 44,500 and moves upward, its first resistance will be 44,800. If it breaks and stabilizes above this level, the next target will be 45,040, and possibly higher levels. - Alternative Scenario:
If the index fails to hold support at the current level and closes below 44,280, the next downside target will be 43,800.
Dow Jones Analysis (15-Minute Time Frame)
- Main Scenario:
Given the break below the 44,550 level and its stabilization underneath, the expectation is that the index will move toward 44,420. If this level is also broken, it could continue declining toward 44,280.
Alternative Scenario:
If the index rebounds upward and breaks above the 44,650 resistance level with stabilization, its next target will be 44,800.