Dow Jones touches goals 20/4/2022

The Dow Jones Industrial Average jumped on the New York Stock Exchange, Touching all the required targets mentioned in the previous analysis, touching the official target station of 34,700, recording the highest of 34,893.

On the technical side today, we are inclined to the positivity, relying on the index’s success in breaching the 34,460 resistance level, which has now turned into a support level, accompanied by the continuation of the RSI’s defence of the bullish direction.

Therefore, the bullish bias may be the most likely today, knowing that consolidation above 34,890 is a catalyst that enhances the chances of a rise towards 35,040, the first target, and gains may extend to visit 35,290 as long as trading remains stable throughout the session above 34,470.

Declining below 34,460 puts the index under negative pressure to retest 34,370 before attempting to rise again.

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

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: 34370	R1: 35040
S2: 33965	R2: 35295
S3: 33710	R3: 35710