Dow Jones to 40,000 or 45,000 Market Prediction!
Dow Jones to 40,000 or 45,000 Market Prediction!
Dow Jones to 40,000 or 45,000 Market Prediction!
Dow Jones to 40,000 or 45,000 Market Prediction!
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant Chart Pattern
- The chart shows a downtrend forming after a peak, indicating potential weakness.
- Multiple lower highs and lower lows, suggesting bearish market sentiment.
- Price is below key moving averages 200 MA confirming downward momentum.
- Possible head & shoulders pattern or distribution phase in Wyckoff theory.
Volume Analysis
- Declining volume on up-moves, indicating lack of strong buying interest.
- Increasing volume on down-moves, signaling strong selling pressure.
- No major accumulation phase detected – buyers are weak.
Upcoming Events (Check for Confirmation)
- Economic Data: Interest rate decisions, employment reports, inflation updates.
- Earnings Season: Large-cap company results affecting market sentiment.
- Geopolitical Factors: Any major global uncertainty may accelerate selling pressure.
Final Takeaway
- Bearish bias in the short-term unless the price reclaims key moving averages.
- Market needs strong demand and higher volume on upward moves for trend reversal.
- Support Levels: Around 42,000 - 41,500 (watch for buying pressure).
- Resistance Levels: Around 43,500 - 44,000 (watch for selling pressure).
Breakout Strategy (Bullish)
- Entry: If price reclaims 43,500+ with high volume
- Stop Loss: Below 42,500 | Target 1: 44,500 | Target 2: 45,000+
Breakdown Strategy (Bearish)
- Entry: If price breaks below 42,000 with strong selling pressure.
- Stop Loss: Above 43,000 | Target 1: 41,000 | Target 2: 40,000
Disclaimer
This analysis is for educational and informational purposes only. It does not constitute financial advice. Always consult a professional before making investment decisions.
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