Dow Jones Industrial

16 Jul 2022 ● 07:41 AM

Dow Jones Industrial Average (DJIA) has formed a morning star candlestick pattern which is a bullish reversal pattern. Also, the wave count suggests that a pullback in wave c can possibly unfold in the near term. At 32424, wave a and c will be equal. On the way up, the 40DEMA at 31544, will be the near-term resistance level to watch out for.