Expected Scenarios for the Dow Jones Index

The Dow Jones Index continues to move in a strong overall upward trend.

Currently, the index has broken through resistance levels,

which were located at 46,370.

This was after reconsolidation, which prompted the index

to continue its strong upward movement 

and form new buying demand zones.

Expected Scenarios

We currently have more than one scenario for the near term.

The first scenario is a rise from the identified demand areas

located at 46,209 and a continuation of the uptrend

and targeting the recent peak at 46,720.

The second scenario is a breakout of the demand areas and the uptrend

and a close below them, leading to a continued decline and correction

until the next demand areas, at least near 45,800.

The most likely scenario is the first one.

 However, it is preferable to wait for any buying price action

 for confirmation, which can be done on lower time frames,

such as the hourly or half-hourly timeframe.