Hello everyone,
Dow Jones 4H NEW FORECAST
The index price returned in yesterday’s trading to test the additional support extending towards 39092, which constitutes an essential factor in confirming the bullish scenario. We notice that the price is covered in green as a result of achieving significant gains by exceeding the first stable target at 39559 and currently approaching the next main station, represented by the level of 39660.
Due to the intensity of the trading, we recommend monitoring the price behavior after achieving the stable target near 39660, and wait for the next close of the four-hour period to be able to determine the expected direction for the near and medium trading. The formation of the 39660 level as a strong barrier may contribute to activating the downward corrective path to test the support currently positioned at 39330, while breaching the barrier and stability. Above it, the door will open to resume the upward attack, thus extending trading towards 39740 and reaching about 40000 in trading in the coming period.
Dow Jones 4H NEW FORECAST
The index price returned in yesterday’s trading to test the additional support extending towards 39092, which constitutes an essential factor in confirming the bullish scenario. We notice that the price is covered in green as a result of achieving significant gains by exceeding the first stable target at 39559 and currently approaching the next main station, represented by the level of 39660.
Due to the intensity of the trading, we recommend monitoring the price behavior after achieving the stable target near 39660, and wait for the next close of the four-hour period to be able to determine the expected direction for the near and medium trading. The formation of the 39660 level as a strong barrier may contribute to activating the downward corrective path to test the support currently positioned at 39330, while breaching the barrier and stability. Above it, the door will open to resume the upward attack, thus extending trading towards 39740 and reaching about 40000 in trading in the coming period.
