Current price: 39817
Key point: 39800
Our preferred direction: Sell positions below 39800 levels with 39500 as a first target and then 39250 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 39800 level, targeting the 40220 levels.
Technical commentary
The Dow Jones index rose strongly on the daily frame from the bottom of the current month until it reached the levels of 39980-39800, and with the formation of the harmonic pattern, the index is expected to fall to the levels of 39500.
In the event of an increase and stability above the 39980 levels, the index will head towards the 40220 levels.
