TVC:DJI   Dow Jones Industrial Average Index
Today we will discuss the Dow Jones Industrial Average Index technical analysis in a Daily timeframe chart. DJI finished its ascending trend after breaking below the ending expanding diagonal pattern. As you can see, we have a major pivot in Support Line. I expect Dow Jones to make the same movement as Wave X (Near the Important Resistance Line), and then it will go DOWN again, probably at my TRZ (Time Reversal Zone).

We have Two Scenarios here:

Scenario 1: DJI will make the Expanding Leading Diagonal.

Scenario 2: DJI has passed the corrective waves by Double Zigzag Correction and We have to wait for breaking the Resistance Zone by DJI (Low Possible).

Dow Jones Analyze (DJIUSD), Timeframe Daily⏰(Log Scale)

🔴Resistance zone: 33700$ until 33260$

🟢Support Zone: 31260$ until 29680$

Do not forget to put Stop loss for your positions (For every position you want to open).

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