Dow Jones: ⬇️ Sell
– Dow Jones broke support zone
– Likely to fall to support level 51500.00
Dow Jones index recently broke through the support zone located between the key support level 52825.00 (which has been reversing the price from August), 61.8% Fibonacci correction of the upward impulse I from July and the support trendline of the daily up channel from April.
The breakout of this support zone accelerated the active minor impulse wave C of the intermediate ABC correction ii from the start of August.
Dow Jones index can be expected to fall further to the next support level 51500.00 – low of wave 4 from the end of July.
, 61.8% Fibonacci correction of the upward impulse I from July and the support trendline of the daily up channel from April.){kind=link}