Potential Risky Long Setup
If the price breaks and holds above 41,160, a risky long position could be considered. This path is illustrated with the blue line on the chart.
For a more reliable entry, we need to see the market retest the 41,392 level once more. If we get a third reaction from this level, we’ll wait for a clear trigger to go long. This potential...
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...
If the price breaks and holds below the psychological level of 39,000 — which is also a weekly resistance — we may see the 37,000 and 36,000 levels. However, it depends on the next weekly candle
