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Dow Jones Industrial Average Index
Long
Updated

US30 on Weekly

247
Chart explains itself overall honestly, as price is follow an uptrend structure on the higher timeframe, making higher highs & lows. Price was due for a correction, & that may be coming to an end soon, as price is approaching the previous all time highs in January of 2022, to form a new higher low & retest previous resigtance as new support, where buyers may enter back into the market again to push price into the impulsive stage of the uptrend & move higher again.
Note
snapshot 4 Hour: One more move down potential, for price to also retest a lower boundary trendline for a 3rd touch, which also aligns at the key level zone
Note
snapshot On hourly: Price ended up pushing back above the previous support, then retesting as support again, pushing into resistance for today.

Waiting for next week!
Profound_Ambition
Supply and DemandSupport and ResistanceTrend Analysis

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Supply and DemandSupport and ResistanceTrend Analysis
Profound_Ambition

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.