Dow Jones Analysis (Daily Time Frame)
As mentioned in previous weeks’ analyses, after breaking the critical 43,468 level, the Dow Jones index successfully moved towards its historical high and tested this level for the second time.
- Main Scenario: Given that the last daily candlestick was rejected from this zone, the index is expected to undergo a correction. This correction may be either price-based or time-based, and the coming week will determine its course.
- Alternative Scenario: If, at the start of the trading week, the Dow Jones index strongly breaks above 45,090, it could reach a new high, with the 48,000 level as the next target.
Dow Jones Analysis (4-Hour Time Frame)
- Main Scenario: Since the last 4-hour candlestick closed below 44,620, a correction towards the 43,860 region is expected.
- Alternative Scenario: If the index does not follow the corrective scenario and instead breaks and stabilizes above 45,050, it could aim for a new all-time high.
Dow Jones Analysis (15-Minute Time Frame)
- Main Scenario: Given that the 44,641 support level was lost, the Dow Jones index is expected to correct towards 44,280.
- Alternative Scenario: If the 44,461 level is reclaimed, the index could move upwards toward the next resistance at 44,812.