Dow Jones Analysis (Daily Time Frame)
The Dow Jones is in an upward trend on the daily timeframe. After hitting the channel’s ceiling, it has entered a range. If the price breaks and stabilizes below 41,908, we expect a price drop to around 40,405. If the red supply area is broken and the price stabilizes above this level, the next targets for the Dow Jones could be 43,292, 45,909, and 47,517.
Dow Jones Analysis (4-Hour Time Frame)
In the 4-hour timeframe, the Dow Jones has formed a range after hitting the channel’s ceiling. We expect a price drop to the areas of 41,351 and 40,849. If the price reaches any of the OTE or RJ block levels, one can enter buy positions with confirmation.
Dow Jones Analysis (15-Minute Time Frame)
After a price correction to the 41,993 area, the Dow Jones has entered a range. We should wait for a price reaction to the 42,478 level. If this area is broken, we will rise to the channel’s ceiling. Otherwise, the likelihood of breaking the lower range, indicated by the green area, increases, which could allow for selling positions with confirmation.