Dow Jones Wave Analysis – 26 November, 2021

• Dow Jones broke support level 35000.00
• Likely to fall to support level 34250.00

Dow Jones index continues to fall after the earlier breakout of the key support level 35000.00, intersecting with the 50% Fibonacci correction of the upward price impulse from the start of October.

The breakout of the support level 35000.00 accelerated the active impulse wave (c) of the ABC correction (ii) from the start of November.

Dow Jones index can be expected to fall further toward the next support level 34250.00 (target for the completion of the active ABC correction (ii)).