Dow Jones Wave Analysis 24 February 2026

RunWithRugs · 2026-03-02T20:39:36+00:00

The Dow Jones index has reversed from a strong support zone, indicating a likely rise towards the resistance level of 50,500. This upward trend is supported by key technical factors, including previous price behavior and a bullish trendline.

RunWithRugs

2026-03-02 20:39:36

Abstract generation in progress

(MENAFN- FxPro) Dow Jones: ⬆️ Buy

– Dow Jones reversed from support zone

– Likely to rise to resistance level 50500,00

Dow Jones index recently reversed up from the support zone between the key support level 48760,00 (which has been reversing the price from December) and the lower daily Bollinger Band.

This support zone was further strengthened by the support trendline of the daily up channel from December.

-p src=“/wp-content/themes/fxpro_news_2026/assets/images/broker/820x312.png”>

Given the strong daily uptrend, Dow Jones index can then be expected to rise to the next resistance level 50500,00 (which stopped earlier impulse wave 1).

MENAFN25022026000156011031ID1110786691

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes