Analysis of the Dow Jones index in the medium and long term

Expected Scenarios for the Dow Jones Index on the Daily Frame

 

The Dow Jones Index continued its strong upward trend after breaching

the resistance levels from which it had previously rebounded at 43116.

Currently, the Dow Jones Index has reached strong and important supply areas,

which are considered the last selling areas on the index, located

at 44558, as shown on the chart.

Currently, there are several expected scenarios...

 

Scenario 1:

The Dow Jones Index returns to decline and undertakes

a correction that may extend to the upward trend shown

or near 43232.


Scenario 2:

Breaks through the supply areas and stabilizes above them with a daily candle,

which could push the Dow Jones Index to continue its upward trend

and reach important resistance levels at 46000.


In any case, the index is in important and strong areas.

Please monitor closely for the time being before making a decision.