Dow Jones: Ready for a Bull Run?! Dow Jones is testing critical levels as it approaches a descending trendline. With strong support below and bullish momentum building, the question remains—will it break out for a rally or face resistance again?
Key levels:
1. Resistance Zones:
- 43,400.00
- 43,346.03
- 43,063.60
2. Support Levels:
- 42,815.04
- 42,450.00
- 42,229.91
3. Current Setup:
- The price is moving within a defined structure and testing the trendline resistance.
- A successful breakout above the trendline could signal the start of a bullish run.
- On the flip side, rejection at the resistance might lead to a retest of lower support zones.
How to Trade This:
- Bullish Strategy:
- Watch for a breakout above 43,063.60 with strong volume.
- Targets: 43,346.03 and 43,400.00.
- Stop Loss: Below 42,815.04.
- Bearish Strategy:
- If the price gets rejected near 43,063.60, consider short positions.
- Targets: 42,815.04 and 42,450.00.
- Stop Loss: Above 43,063.60.
Bottom Line:
Dow Jones is at a critical juncture. A breakout could lead to a significant upward rally, while failure to clear the trendline resistance may bring the price back into its support range. Stay alert and trade the breakout or rejection based on confirmation! 📈📉
DJ:DJI BLACKBULL:US30 DJ:DJI TVC:DJI
