Technical Analysis

Dow Jones Short Term Forecast Update And Follow Up

Hi Traders! Dow Jones short term forecast update and follow up is here. On March 10th, 2026, I shared this “Forex Market Analysis & Day Trading Opportunity | Dow Jones | 10 March 2026” post in our blog. In this post, let’s do a recap of this setup and see how it has developed now. If you would like to learn more about the way we trade and the technical analysis we use then check out the Home Trader ClubSpoiler alert – free memberships are available!

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My Idea

On the H4 chart, we have a strong bearish momentum and also currently it looks like a pullback is happening and there are no signs opposing this short term bearish view. So everything looks good for the bears here as well. In addition to this, we have two key resistance zones that has formed based on the volume profile zones of the KTLI indicator and the Triple B Pro pivot levels. Until both these key resistance zones shown in the image below (marked in red) holds my short term view remains bearish here and I expect the price to move lower further after retraces.

 

 

 

Dow Jones H4(4 Hours) Chart Current Scenario

In Dow Jones based on the above-mentioned analysis my short-term view was bearish and until the two key resistance zones hold I was expecting the price to move lower further after pullbacks. The price action followed my analysis exactly as I expected it to here. After the strong bearish move the price which was moving higher reached the first key resistance zone, respected it and provided a nice move to the downside.

 

 

On the M30 chart, the market provided us with various facts supporting the bearish view. The price which was moving higher created a bearish divergence between the first high that has formed at 47914.8 and the second high that has formed at 48248.2 based on the MACD indicator, which we may consider as evidence of bearish pressure. The price then moved lower and broke below the most recent uptrend line. We may consider these as facts provided by the market supporting the bearish view and also there we no signs opposing this bearish view. Then as you can see in the image below how the price moved lower further and provided a nice move to the downside!

 

 

As traders we always have two choices, the first one is to fall in love with our analysis and try to convince the market and expect the price to move in the direction as per our wish. The second one is to follow the facts that the market provides us and make the right actions according to that. As you know the first option won’t help us and as you can see in the example above what happened when we followed the facts that the market hinted to us and took the right action according to that.

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Happy Trading!

Arvinth Akash
Home Trader Club Team.

Arvinth Akash

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