Pivot point: 27904.00
Preferred scenario: Long positions above 27904.00, targeting levels 28775.00-28882.00
Alternative scenario: Short positions below 27904.00, targeting levels 27540.00-27370.00
Comment: We previously published an analysis of the Dow Jones from here
Whereas, the index price moved in an upward direction from the low of last September from 26428.20 levels until it reached the resistance area at 28775.80-28882.00 levels until it fell from it and broke the upward trend line and retested
The price formed a bat harmonic pattern with 88% fibo correction of the xa leg, and the price actually fell to its targets
It is now expected that the price will rebound up from the support area 27904.65-27830.30 to reach levels of 28775.00-28882.00
