Dow Jones Touches Goals 18/2/2022

The Dow Jones Industrial Average declined remarkably within the expected bearish path, surpassing the target required to be achieved at 34,275, to record its lowest level at 34,170.

On the technical side today, and looking at the 60-minute chart, we notice the RSI’s attempt to obtain bullish momentum, accompanied by intraday stability above the support level of 34,170 and most importantly 34,130.

We may witness rebound attempts in the coming hours, aiming to retest 34,750 and 34,800 before attempts to decline again, knowing that the bullish bias does not contradict the general bearish trend, which its official targets are around 34,000 and 33,820.

Note: The risk level is high.

Note: CFD trading involves high risk; all scenarios may occur.

S1: 34130	R1: 34800
S2: 33810	R2: 35165
S3: 33450	R3: 35480