Dow Jones: ⬆️ Buy
– Dow Jones index reversed from support zone
– Likely to rise to resistance level 53000.00
Dow Jones index recently reversed down from the support zone between the strong support level 51500.00 (which also stopped earlier waves iv and a), support trendline of the daily up channel from April and the 50% Fibonacci correction of the upward impulse from June.
The upward reversal from this support zone started the active minor impulse wave 5 – which belongs to wave (C) from March.
Given the strong daily uptrend, Dow Jones index can be expected to rise further to the next resistance level 53000.00.
, support trendline of the daily up channel from April and the 50% Fibonacci correction of the upward impulse from June.){kind=link}