stock analytics
Dow jones weekly technical analysis
The Dow Jones is moving in a strong descending wave. We expect the formation of a corrective ascending wave from the purchasing liquidity support area at 34364.2 levels, to target the selling liquidity resistance area at 35013.7 levels, and from the resistance area it is expected to form the top of the week.
But in the event that a four-hour candle closes below the level of 34184.5, we expect a direct decline and target the purchasing liquidity support area at 33697.5 levels, from which we expect the week’s bottom to form.
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