Feb 28, 2023 - As per Monthly chart - DOW has made double top pattern, which should bring it down to 31604.82.
Since 20 MA is 33576.06 which is at resistance hence making 33624.42 should act as a strong resistance for the index.
I expect the DJI be between 33624.42 and 31604.82 for sometime in March 2023.
PS: I am new to analysis. So, do not forget to do your own research, make your own decision, you are responsible for your trades. I welcome inputs to improve my analysis. So, please share your knowledge and guide me.
Since 20 MA is 33576.06 which is at resistance hence making 33624.42 should act as a strong resistance for the index.
I expect the DJI be between 33624.42 and 31604.82 for sometime in March 2023.
PS: I am new to analysis. So, do not forget to do your own research, make your own decision, you are responsible for your trades. I welcome inputs to improve my analysis. So, please share your knowledge and guide me.