Dow Jones Wave Analysis – 17 April 2025

Dow Jones: ⬇️ Sell

– Dow Jones reversed from the resistance zone

– Likely to fall to support level 38500.00

Dow Jones index recently reversed down from the resistance zone between the resistance level 40815,00 (former strong support from the start of March), 20-day moving average and the 61.8% Fibonacci correction of the downward impulse from last month.

The downward reversal from this resistance zone stopped the previous minor correction (iv) from the start of April.

Given the clear daily downtrend, Dow Jones index can be expected to fall to the next support level 38500.00.

Source: https://fxpro.news