Dow Jones May Form a Bullish Attack 22/3/2022

The Dow Jones Industrial Average continues its positive movements within the expected bullish context after it successfully built a base on the support floor of 34,220, recording its highest price during the last session 34,691.

On the technical side, today, we are inclined to the positivity, relying on the positive closing above 34,180 and the continuation of the clear positive signs on stochastic and focusing on the overbought areas.

Therefore, the possibility of forming a bullish attack may exist, knowing that trading above 34,420 is a motivating factor that enhances the chances of visiting 34,635 and 34,895, respectively, provided that intraday trading remains above 34,220.

Note: The risk level is high and we may see volatile movements.

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

S1: 34170	R1: 34635
S2: 33965	R2: 34895
S3: 33700	R3: 35100