DIA (Dow Jones Index ETF) - Support, Resistance, Trend -09/05/21
DIA (Dow Jones Index ETF) has been uptrending in 2021, on daily and weekly charts.
However, price is currently consolidating between $352.18 and $355.83.
Bullish scenario:
-DIA price breaks up above resistance to establish a higher-high.
-Resistance levels: $355.83, $358.07, $361.59.
Bearish scenario:
-DIA price pulls back down to test support levels below.
-Support levels: $352.14, $348.46, $346.17.
Note: To maintain a weekly uptrend, DIA price needs to close and hold above $346.17.
However, price is currently consolidating between $352.18 and $355.83.
Bullish scenario:
-DIA price breaks up above resistance to establish a higher-high.
-Resistance levels: $355.83, $358.07, $361.59.
Bearish scenario:
-DIA price pulls back down to test support levels below.
-Support levels: $352.14, $348.46, $346.17.
Note: To maintain a weekly uptrend, DIA price needs to close and hold above $346.17.
Comment:
09/19/2021: DIA is in a short-term daily downtrend. Price is seeking a lower-low first, then price could bounce up. If the rebound bounce up is not strong enough (like Feb/March/June/July 2021), a new daily downtrend could form.
Comment:
Comment: 10/03/21 to 10/08/21:
-DIA (dow jones etf): support test, daily lower-high price potential.
-DIA (dow jones etf): support test, daily lower-high price potential.
Follow Me on TradingView!
Social Media links are in my profile.
Boost, comment, cheer, or share to support.
All posts are not financial advice.
Social Media links are in my profile.
Boost, comment, cheer, or share to support.
All posts are not financial advice.
-Additional Support Levels for DIA: $343, $341, $338.