Analysis of the Dow Jones index and expected buying areas

Expected Movement of the Dow Jones Index on the 4-hour timeframe

 

The Dow Jones Index is moving in a general upward trend on the daily timeframe.

The 4-hour timeframe is moving in a sideways direction, as shown on the chart.

Currently, the index is approaching a correction that may approac

h the demand areas on the 4-hour timeframe, located at 44913.

This is considered one of the most important expected

 buying areas on the 4-hour timeframe.

This is expected to push the index upward to the specified targets,

 located at 45200 and 45500, respectively.

If the first demand areas are broken and the index closes below them, 

we may see a continuation of the correction in the near term,

 reaching the next demand areas, located at 44103.

In general, the index is currently recommended for buying trades,

 which are the best and strongest at the present time, 

as long as the general upward trend is not broken.