Current price: 45220
Key point: 45700
Our preferred strategy: Buy positions above 45,700 with a first target of 45,000 and then a second target of 44,700.
Alternative scenario: Stop loss and trend reversal upon breaking the 45800 level, targeting the 46000 level.
Technical commentary
The Dow Jones index is moving in a downward direction on the four-hour timeframe, below a downtrend line from last month's peak and below the 200-period moving average, with the index expected to reach levels of 45,000 and then levels of 44,700.
