Bearish pattern in Dow?๐ Dow Jones (DJI) Technical Analysis โ February 13, 2025
๐ Bearish Pattern in Play?
๐น The price is forming a descending triangle and facing strong resistance at 44,500 - 44,605.
๐น A break below 44,200 could trigger a drop toward 43,855 - 44,000.
๐น EMA 21 is bearish, signaling weakness in the uptrend.
๐ฏ Scenarios:
โ
Break below 44,200: High probability of further downside.
โ Break above 44,500: This short setup becomes invalid.
๐ Trade Success Probability: 65-70% (Up to 80% if 44,200 breaks)
๐ Whatโs your take? Will this level break, or is another bounce coming? ๐ค๐
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