Full target +730 PIP, accoring my previous analysis
The Dow Jones is showing strong bullish momentum following a clean rejection from the rotating axis and a firm bounce off the 41,660 support zone. After reclaiming key levels, the price has now entered a short-term correction phase just below 42,520. This correction is healthy and expected, especially after such a strong upward move from the previous low.
Structurally, the market is forming higher lows, signalling a continuation pattern within the larger descending channel. The recent breakout above 42,445 flipped that level into support, reinforcing the bullish case. As long as the price holds above this area, I expect the next impulsive leg to target the 43,338 resistance level, a zone that has previously acted as a major barrier.
We’ve seen consistent rejection from this upper band in the past, but the current price action suggests the bulls are gaining control. A successful retest of support in the current zone would likely fuel the next push toward my target at 43,338.
Bullish target: 43.015, 43.338, 44.125
Bearish target: 42.445, 41660, 40695
The Dow Jones is showing strong bullish momentum following a clean rejection from the rotating axis and a firm bounce off the 41,660 support zone. After reclaiming key levels, the price has now entered a short-term correction phase just below 42,520. This correction is healthy and expected, especially after such a strong upward move from the previous low.
Structurally, the market is forming higher lows, signalling a continuation pattern within the larger descending channel. The recent breakout above 42,445 flipped that level into support, reinforcing the bullish case. As long as the price holds above this area, I expect the next impulsive leg to target the 43,338 resistance level, a zone that has previously acted as a major barrier.
We’ve seen consistent rejection from this upper band in the past, but the current price action suggests the bulls are gaining control. A successful retest of support in the current zone would likely fuel the next push toward my target at 43,338.
Bullish target: 43.015, 43.338, 44.125
Bearish target: 42.445, 41660, 40695
- Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。