Dow Jones Analysis (Daily Time Frame)
In the daily time frame, the Dow Jones has reached the upper boundary of its ascending channel, where a price rejection is expected, potentially pushing the price down toward the 41,181 level.
If the price reaches any of the marked green or purple zones, buy positions can be considered, targeting 43,333 and 46,380 as potential upside objectives. These levels present key opportunities for long trades, given the expected retracement and subsequent upward momentum.
Dow Jones Analysis (4-Hour Time Frame)
In the 4-hour time frame, the Dow Jones remains in an uptrend. At the top of the ascending channel, the price has formed a range. If the lower boundary of this range is broken to the downside, we expect a price decline toward 41,500, and if the decline continues, it could reach 41,160.
The green and purple zones marked in the image are key areas for potential buy positions, providing good entry points for long trades after the retracement. These levels could serve as strong support areas for a potential reversal.