wall street

Dow Jones Technical Analysis 25 October, 2021

• Dow Jones broke major resistance level 35600.00
• Likely to rise to resistance level 36000.00

Dow Jones index continues to rise after the price broke above the major all-time-high resistance level 35600.00 (which stopped the previous multi-month uptrend in the middle of August, as can be seen from the daily Dow Jones index chart below). The breakout of this resistance level accelerated the active impulse wave 3 – which be logins to the higher order impulse wave (3) from September.

Given the strong daily uptrend, Dow Jones index can be expected to rise further toward the next resistance level 36000.00. Strong support now stands at the aforementioned price level 35600.00.

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