Dow Jones is facing selling Pressure 18/1/2022

Mixed trading dominates the movements of the Dow Jones Industrial Average on the Wall Street Stock to start the current session’s trading on a bearish slope and start pressing on the support level of the ascending price channel.

On the technical side, the index presses the support level of 35,700, accompanied by clear negative signs on stochastic on the 4-hour time frame.

We tend to the negativity, but with vigilance, waiting for the signal to confirm the bearish trend by breaking the 35,700 level to target 35,465 and 35,400 next price stations as long as the price is stable below 35,850.

Note: The level of risk is high and we may witness high volatility in prices.

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

S1: 35465	R1: 36065
S2: 35190	R2: 36385
S3: 34870	R3: 36665