Strongest Selling Zones Expected for the Dow Jones in the Medium and Long Term

The Dow Jones index has been moving in a strong downtrend since the start of the US-Iran war, and the movement still points to a long-term decline.

Currently, the index is attempting a corrective upward move after reaching the demand zones identified on the chart. This could push the index closer to the newly formed supply zones above.

Selling Zones and Expected Targets

If the index rises and tests the new supply zones around $46,194, we expect to see a renewed decline to the targets at $45,800 and $45,300, respectively.

If the initial supply zones are broken, we could see a decline from the next zones, which are close to $46,909. These are very close, which would put the index under strong selling pressure if it reaches these levels.