Analysis of the Dow Jones and the probability of formation of a shark model

Analysis of the Dow jones index

The main indices on Wall Street rose to record a strong rise for the second week in a row, as the Dow Jones index is heading for the biggest solid jump, helped by Trump's plans to invest in artificial intelligence, signs of slowing inflation and strong profits from major banks in the previous week.

The Dow Jones are trading near the levels of 44400 and we still expect the indicator to complete the shark harmonic pattern near the levels of 44700 to 45000.

As the order Block is also located near this area, it can strengthen the chances of retreat if it is reached.

We then target the levels of 44300 and then 43700.

This scenario fails if the 45200 levels break higher.