Full target +730 PIP, accoring my previous analysis
The Dow Jones is showing strong bullish momentum following a clean rejection from the rotating axis and a firm bounce off the 41,660 support zone. After reclaiming key levels, the price has now entered a short-term correction phase just below 42,520. This correction is healthy and expected, especially after such a strong upward move from the previous low.
Structurally, the market is forming higher lows, signalling a continuation pattern within the larger descending channel. The recent breakout above 42,445 flipped that level into support, reinforcing the bullish case. As long as the price holds above this area, I expect the next impulsive leg to target the 43,338 resistance level, a zone that has previously acted as a major barrier.
We’ve seen consistent rejection from this upper band in the past, but the current price action suggests the bulls are gaining control. A successful retest of support in the current zone would likely fuel the next push toward my target at 43,338.
Bullish target: 43.015, 43.338, 44.125
Bearish target: 42.445, 41660, 40695
The Dow Jones is showing strong bullish momentum following a clean rejection from the rotating axis and a firm bounce off the 41,660 support zone. After reclaiming key levels, the price has now entered a short-term correction phase just below 42,520. This correction is healthy and expected, especially after such a strong upward move from the previous low.
Structurally, the market is forming higher lows, signalling a continuation pattern within the larger descending channel. The recent breakout above 42,445 flipped that level into support, reinforcing the bullish case. As long as the price holds above this area, I expect the next impulsive leg to target the 43,338 resistance level, a zone that has previously acted as a major barrier.
We’ve seen consistent rejection from this upper band in the past, but the current price action suggests the bulls are gaining control. A successful retest of support in the current zone would likely fuel the next push toward my target at 43,338.
Bullish target: 43.015, 43.338, 44.125
Bearish target: 42.445, 41660, 40695
- Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.