Dow Jones 30 Index (DJI)Dow Jones 30 Index (DJI)Dow Jones 30 Index (DJI)

Dow Jones 30 Index (DJI)

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US30 The Hourly is in a market pause with the formation of an Inside Day pattern. This is typical, after a major move to the downside. The market is tired from it.

So with an Inside Day pattern, the candles can consolidate with no true direction until a breakout at either its high of 44,436 or low of 44,253 (shown as two orange lines). Let's see what the true direction will be.

My suspicion is that a giant W-shaped pattern is starting to form that happens usually around a Pivot Low.
Snapshot







US30 as per WLGGTSVG (Woottalangadi Giri giri Thayir sothukku Vadagari method any day closes below cow jones 43486...next 10 days crash to 42k 41k 38k 😃

US30 On the Hourly that is in Bearish (directional) Market Bias, there may soon be a bullish retracement back towards the S&R Zone that starts at 44.498, then back down again.

What's below? You can see on the chart, layers of Support Areas.
Snapshot

US30 44630 to 44430 still blood is there upto 42555 😃