Dow Jones: ⬇️ Sell
– Dow Jones reversed from the long-term resistance level 45000.00
– Likely fall to support level 44000.00
Dow Jones index recently reversed down from the resistance zone between the long-term resistance level 45000.00 (which has been reversing the price from the end of 2024) and the upper daily Bollinger Band.
The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern, Bearish Engulfing.
Given the strength of the resistance level 45000.00 and the bearish divergence on the daily Stochastic, Dow Jones index can be expected to fall to the next support level 44000.00 (which reversed the price earlier in July).
Source: Fxpro
