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.
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.
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.