Dow Jones based on support 19/4/2022

Mixed trading still dominates the Dow Jones Industrial Average movements within a limited bullish context, building on a pivotal support floor of 34,180.

On the technical side, today’s bullish bias is more likely, depending on stability in general above the mentioned support and the stability of intraday trading above 34,270, which is calculated by obtaining positive signs from the RSI on the short time frames.

Therefore, there is a possibility to visit 34,550 as a first target, and it should be noted that its breach is a catalyst that enhances the chances of rising towards 34,650. Gains may extend later to visit 34,700 as long as the index is generally stable above 34,180.

Note: The risk level 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: 34210	R1: 34560
S2: 34020	R2: 34715
S3: 33860	R3: 34910