Dow Jones index Wave Analysis – 28 December, 2021

• Dow Jones index broke key resistance level 36200.00

• Likely to rise to resistance level 36600

Dow Jones index recently broke above the key resistance level 36200.00 (which has been reversing the index form the middle of November).

The breakout of the resistance level 36200.00 accelerated both of the active impulse waves (iii) and 3.

Dow Jones index can be expected to rise further toward the next resistance level 36600 (top of wave (i) from November) – the breakout of which will lead to the test of the next resistance level 36800.00.