Dow Jones Wave Analysis – 26 October, 2022
October 26, 2022 @ 19:09 +03:00
• Dow Jones rising inside C-wave
• Likely to reach resistance level 32635.00
Dow Jones recently broke the resistance level 31000.00 intersecting with the daily down channel from August and the 38.2% Fibonacci correction of the downward impulse from August.
The breakout of the resistance level 31000.00 accelerated the C-wave of the active medium-term ABC correction (2).
Dow Jones can be expected to rise further toward the next resistance level 32635.00 (monthly high from September and the target for the completion of the active C-wave).