This chart represents the Dow Jones Industrial Average Index (US30) on the Weekly (1W) timeframe, showing a technical analysis outlook.

Key Observations:

  1. Order Block (OB) & Expected Retracement:
    • A bullish Order Block (OB) is marked around the 43,200 level, suggesting a potential area of demand where price could react.
    • Price is expected to pull back into this OB before continuing its upward move.
  2. Market Structure Shift (MSS):
    • A Market Structure Shift (MSS) is identified, indicating a potential trend reversal or continuation setup.
    • This shift confirms a bullish bias once price mitigates the OB.
  3. Liquidity & Key Levels:
    • Equal Range Liquidity (ERL) is marked at the highs, possibly serving as a liquidity target.
    • The 0.5 Fibonacci retracement level aligns with the OB, strengthening its validity as a buy zone.

Projected Price Movement:

  • The chart suggests that price may decline into the OB zone around 43,200 before resuming an uptrend toward liquidity levels above 44,800 – 45,200.
  • Confirmation of a bullish move may come from price action signals within the OB zone.

1 Comment

  • Tabish

    February 9, 2025

    Ma sha Allah ❤️

    Reply

Leave A Comment