Dow Jones Technical Outlook:
Currently, the Dow Jones remains within a broader bearish structure 📉, trading near the lower boundary of its descending channel.
Nonetheless, the formation of higher highs and higher lows on the daily and 4H timeframes ⏰ suggests that a potential bullish reversal may be developing 🔄.
The 40,700 – 40,300 range is a key decision zone ⚡️:
• A confirmed breakout above this level could trigger a minor bullish rally 🚀.
• Conversely, a failure to hold above this area and the formation of new lower highs and lower lows would reinforce the ongoing bearish trend 📉.
Additionally, the recent bullish weekly and monthly closes 📅 support a bias toward further upside momentum.
In the initial phase, we may see a corrective move to the downside on lower timeframes to form a wick (shadow) for the monthly candle before any significant bullish continuation 🔄📈.
Stay flexible and monitor price action closely! 👀
Currently, the Dow Jones remains within a broader bearish structure 📉, trading near the lower boundary of its descending channel.
Nonetheless, the formation of higher highs and higher lows on the daily and 4H timeframes ⏰ suggests that a potential bullish reversal may be developing 🔄.
The 40,700 – 40,300 range is a key decision zone ⚡️:
• A confirmed breakout above this level could trigger a minor bullish rally 🚀.
• Conversely, a failure to hold above this area and the formation of new lower highs and lower lows would reinforce the ongoing bearish trend 📉.
Additionally, the recent bullish weekly and monthly closes 📅 support a bias toward further upside momentum.
In the initial phase, we may see a corrective move to the downside on lower timeframes to form a wick (shadow) for the monthly candle before any significant bullish continuation 🔄📈.
Stay flexible and monitor price action closely! 👀
Dagangan aktif
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.