Will the Dow Jones revisit the 43,340 level, or are we heading for a new high?
A Gartley pattern has formed on the Dow Jones, aligning with a supply zone between 44,585.00 – 44,725.00.
If the Dow stays below this zone, we will monitor price action on the 4-hour and daily charts for confirmation of a potential decline.
Expected downward targets based on price action:
1. 44,430.00
2. 44,330.00
3. 44,095.00
4. 44,000.00
5. 43,880.00
6. 43,775.00
7. 43,340.00
On the other hand, if the 44,725.00 level is broken and closed above, the Dow Jones is expected to move toward the historical high at 45,160.00.
A close above this level would signal a new high for the Dow.
A Gartley pattern has formed on the Dow Jones, aligning with a supply zone between 44,585.00 – 44,725.00.
If the Dow stays below this zone, we will monitor price action on the 4-hour and daily charts for confirmation of a potential decline.
Expected downward targets based on price action:
1. 44,430.00
2. 44,330.00
3. 44,095.00
4. 44,000.00
5. 43,880.00
6. 43,775.00
7. 43,340.00
On the other hand, if the 44,725.00 level is broken and closed above, the Dow Jones is expected to move toward the historical high at 45,160.00.
A close above this level would signal a new high for the Dow.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.