Dow Jones is on the verge of collapsing

Dow Jones (DJI) fell below the crucial support line in Friday's trades following multiple failed attempts to break out at August 2022 highs. The index is currently on the verge of collapsing based on the previous activities around this area - May, June, and August 2022 and will need to hold above 33264 to avoid a major sell-off. Critical support estimates at 32514, 32056 and 31764

Not financial advice; the analysis is based on my technical indicator for educational purposes only.
You can follow my work for future updates on the stock market as we continue to navigate through market volatility.