2023-10-07 21:35
Dow Jones Index analysis
November 29
Dow Jones Index analysis 1-hour time frame
Based on the reaction of this index to the ascending channel's ceiling, in case of a confirmation and a bearish candlestick is re-created, we can expect a decline until the specified areas and the ascending channel's floor.
Considering the buyers' strength, we can expect an ascent to around 35743 in case of confirmation above the previous ceiling.
November 25
Dow Jones Index analysis Weekly time frame
In the weekly time, the buyers have power, and the price can move to higher areas.
Dow Jones Index analysis Daily time frame
Due to the blue resistance zone breaking and its transformation into a support level, we can expect price correction until this area.
Dow Jones Index analysis 4-hour time frame
If the ascending channel breaks upward, we can expect the price to climb to around 35742.
In case of a reaction and a bearish candle creation, we can expect a drop around the area and the channel floor.
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