Dow Jones continues to achieve bearish targets 23/6/2022

Negative trades dominated the movements of the Dow Jones Industrial Average within the expected negative outlook during the previous analysis, touching the official target station of 30,080, recording the lowest price of 30,000.

On the technical side today, despite the bullish intraday movements, we tend to the negativity, relying on the decline of the bullish momentum on the short time frames and the price’s pivot below the resistance level of 30,600.

Therefore, the bearish scenario is most likely today, knowing that a decline below 30,360 facilitates the task required to visit 30,200 first targets and then 30,000 in a row, as long as trading is stable below 30600.

Consolidation above 30,600 will temporarily lead the index to regain the bullish track, targeting 30,780.

Note: the level of risk is high.

Note: Trading on CFDs involves risks. Therefore, all scenarios may be possible. This article is not a recommendation to buy or sell but rather an explanatory reading of the price movement on the chart.

S1: 30015	R1: 30785
S2: 29625	R2: 31165
S3: 29245	R3: 31555