The current price: 31,738
Key point: 32138
Our preferred direction: short positions below 32138 levels, targeting 31500 as a first target, then 31200 as a second target.
Alternative scenario: stop loss and change direction by breaking 32138, targeting 32478
Technical comment
The Dow Jones index breached support levels on the daily timeframe 32478-32138, so that it is expected to continue the decline to reach the next support levels at 31237, and with the formation of an AB=CD pattern, to rise at that time and reach again 32478 levels
