Dow Jones – Short-Term Corrective Above Major S/R Zone & Previous ATH (Weekly chart)

Chris Capre 2ndskiesforex

Price Action Context

The very clean key resistance that had held since Jan 2018 was broken to the upside this month and currently the industrial index is trading within a short-term corrective structure above the long-term S/R zone which now should act as support on weak pullbacks.

Trending Analysis

Long-term bias is bullish, and bulls can look for potential trading opportunities on weak pullbacks into the long-term support.

Key Support & Resistance Zones

R: n/a
S: 26 550 – 26 950

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Author

Chris Capre

2ndskiesforex

Chris Capre is a professional forex trader and mentor specialized in Price Action trading, and the Ichimoku Cloud.

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