Dow Jones Analysis (Daily Time Frame)
The Dow Jones Industrial Average (DJIA) has come out of its recent slump and continued its mid-week bullish trend with a strong performance on Friday. However, it is still a little shy of its previous peak near 44,485.
- Main Scenario: Buy positions can be taken from price corrections in the 43,541-43,085 range targeting 44,525 and 45,461.
- Alternative Scenario: If the 44,525 resistance level holds, sell positions can be tested with price targets at 42,250 and 40,637.
Dow Jones Analysis (4-Hour Time Frame)
- Main Scenario: Buy positions can be taken from price corrections in the 43,736 zone, with targets at 44,534 and 45,555.
- Alternative Scenario: If the 44,524 level holds, expect a price decline to the 41,667 zone.
Dow Jones Analysis (15-Minute Time Frame)
The price has reached the upper boundary of its upward channel. Expect a price rejection towards the 43,727 zone, where, with confirmation, buy positions can be taken.