Current price: 40900
Key point: 40400
Our preferred direction: Buy positions above 40400 levels with 41400 as a first target and then 41800 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 40400 level, targeting the 40100 levels.
Technical commentary
The Dow Jones index is moving in an upward direction on the four-hour frame from the bottom of the current month, rising from the support levels of 38,500, and by remaining above the levels of 40,400, the index will head towards the levels of 41,400 towards the expected harmonic pattern.
