Dow Jones Trying to Launch a Bullish Attack

The Dow Jones Industrial Average achieved the bearish target at 34,420, to record its lowest level at 34,378.

On the technical side, the current movements are witnessing a slightly bullish trend, benefiting from the intraday stability above the 34,580 support level, accompanied by positive signs that started appearing on the RSI.

Therefore, there is a possibility of forming a bullish attack in the coming hours, targeting 34,800/34,820 first target. Its breach is a catalyst that enhances the chances of rising to visit 34,900 and 34,980, respectively.

Trading below 34,440/34,420 will immediately stop the attempts to rise and lead the index to a solid bearish path, with its initial target around 34,220 levels. Note: The risk level is high.

S1: 34440	R1: 34820
S2: 34220	R2: 34980
S3: 34055	R3: 35200