Dow Jones: Eyes on more gains 4/10/2022

The Dow Jones Industrial Average jumped on Wall Street, achieving significant gains, reaching 29,762 to form a bottom to compensate for its previous losses.

Technically, the RSI continues to defend the bullish trend on the 60-minute time frame and stochastic stationing around the overbought areas.

With daily trading stable above 29,450, the bullish trend is the most likely today, provided that we witness a consolidation above 29,820, targeting 30,000 first target and its breaching increases and accelerates the strength of the daily bullish trend, to be waiting for 30,080 next station.

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: 29090	R1: 30080
S2: 28435	R2: 30415
S3: 28095	R3: 31070