Chart Analysis - Dow Jones (Breaking Important Resistance)The US30 index has successfully broken through an important resistance level today, which is a key technical development. This breakout suggests the potential beginning of a strong bullish trend, provided the index is able to sustain itself above the red zone. If it continues to hold above this zone, buyers will likely remain in control, paving the way for higher upside targets in the coming sessions.
However, if the index fails to stay above this red zone and falls back below it, the breakout will be considered a false breakout, which could lead to renewed selling pressure and possible downside movement. In short, the red zone is the make-or-break level that will decide whether the trend continues upward or reverses.
