Dow Jones Wave Analysis – 10 January, 2022


• Dow Jones reversed from resistance level 36800.00,

• Likely to fall to support level 35000.00

Dow Jones index recently reversed down with the daily bearish Engulfing from the resistance level 36800.00, intersecting with the upper daily Bollinger Band and the weekly up channel from September.

The downward reversal from the resistance level 36800.00 started the active short-term corrective wave (ii).

Dow Jones index can be expected to fall further toward the next key support level 35000.00 (which reversed the price in December).

Source: Fxpro

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