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

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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