The Dow Jones (US30) has reached a critical support zone, aligning with an support trend line. This confluence of support provides a strong foundation for a potential upward move. If the price holds above this zone, we can expect a rise towards the resistance. Traders should watch for bullish signals and consider long positions with appropriate risk management strategies.
Dow Jones (DJI) got rejected yesterday after marginally breaking above the 1D MA50 (blue trend-line) for the first time since May 05. This comes after 3 weeks of sideways trading following the Lower Low of the Channel Down on June 17. That was clearly mentioned and projected 1 month ago s shown on our idea below:
The recent consolidation though comes as a...
