The current price: 33,773
Key point: 34282
Our preferred direction: short positions below 34282 levels, targeting 33195 as a first target, then 32478 as a second target.
Alternative scenario: stop loss and change direction by breaking 34282, targeting 34700
Technical comment
The US Dow Jones index rose after breaching the descending trend line from the top of January last year and rose from the ascending trend line from the bottom of last November, until it reached the resistance levels 34282 to form a symmetrical triangle at these levels, so that the price is expected to fall from these levels to reach the levels of 33195 which corresponds to With the lower boundary of the triangle and then up again
