Dow Jones at Critical Levels!Dow Jones Technical Outlook:
Currently, the Dow Jones remains within a broader bearish structure ๐, trading near the lower boundary of its descending channel.
Nonetheless, the formation of higher highs and higher lows on the daily and 4H timeframes โฐ suggests that a potential bullish reversal may be developing ๐.
The 40,700 โ 40,300 range is a key decision zone โก๏ธ:
โข A confirmed breakout above this level could trigger a minor bullish rally ๐.
โข Conversely, a failure to hold above this area and the formation of new lower highs and lower lows would reinforce the ongoing bearish trend ๐.
Additionally, the recent bullish weekly and monthly closes ๐
support a bias toward further upside momentum.
In the initial phase, we may see a corrective move to the downside on lower timeframes to form a wick (shadow) for the monthly candle before any significant bullish continuation ๐๐.
Stay flexible and monitor price action closely! ๐
