Technical analysis

Dow Jones Wave Analysis 15 April, 2021

Dow Jones Wave Analysis 15 April, 2021

• Dow Jones reversed from support level 33560.00

• Likely to rise to resistance level 35000.00

The Dow Jones Industrial Average recently reversed up from the support level 33560.00 (former minor resistance from the start of April) intersecting with the support trendline of the daily up channel from March.

The upward reversal from the support level 33560.00 accelerated the active upward impulses (v), 3 and (C).

Dow Jones Industrial Average is likely to rise further toward the next resistance level 35000.00 (target for the completion of the active impulse wave (C)).

Article Rating