Dow Jones touches the desired goal 25/2022

During the previous trading session, the Dow Jones Industrial Average declined significantly on Wall Street, within the expected general bearish track, approaching by a few points at the required official station 31,290, recording its lowest level at 31,314.

Technically, on the short time intervals, we find the index trying to gather bullish momentum and stability and intraday stability above 31.540.

Therefore, we may witness a slightly bullish bias, but with caution, targeting 32,265, considering that the overshoot and rise above 32,265 may extend the intraday gains of the index towards 32,380, and that requires intraday stability above 31,540.

The decline below 31,540 can thwart the temporary rise attempts and lead the index to complete the bearish directional movement with a target of 31,060.

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: 31540	R1: 32265
S2: 31060	R2: 32510
S3: 30810	R3: 32985