Categories: Technical analysis

Dow Jones Wave Analysis – 25 April, 2022

• Dow Jones broke key support level 34130.00
• Likely to fall to support level 33000.00

Dow Jones index recently broke through the key support level 34130.00 (which stopped the previous waves a and c) intersecting with the 38.2% Fibonacci correction of wave B from February.

The breakout of the support level 34130.00 accelerated the active impulse wave C.

Dow Jones index can be expected to fall further toward the next support level 33000.00 (target for the completion of the active wave (i)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: Dow Jones

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