Dow Jones Analysis (Daily Time Frame)
After weeks of a bullish rally, the Dow Jones has entered a downward slope. The range of 42,729 plays a key role in price movement for the upcoming week.
Main Scenario: If the price fails to consolidate above 42,729, consider sell trades down to the areas of 40,308 and 39,294.
Alternative Scenario: If the 42,729 level breaks and consolidates above, consider a price increase to the levels of 43,649 and 45,909.
Dow Jones Analysis (4-Hour Time Frame)
In the 4-hour time frame, the price has entered the demand zone of the 4-hour time frame, and we expect a price increase to the liquidity sweep area of 42,351 – 42,639.
If this area is maintained, a price decline to around 40,654 will continue.
If the 42,634 level breaks upward, an increase to 43,116 is likely.
Dow Jones Analysis (15-Minute Time Frame)
In the 15-minute time frame, it is in a descending channel, and after hitting the ceiling of the channel, it has dropped back to the area of 42,031. If the price reaches the area of 41,955, buying positions can be considered with a target price of 42,515.