DOW JONES – Triple Rejection Alert! Is a Breakdown Coming?The DOW (DJI) is struggling hard near the 42,600 resistance zone, and signs are pointing toward a potential bearish reversal.
📊 What’s the Chart Telling Us?
Price is hovering at a strong supply zone marked by heavy volume resistance (🔵 LuxAlgo Visible Range).
After three failed attempts to break above 42,600, bears may be gearing up to strike.
Support levels at 40,557 and 38,060 are now key downside targets.
🔻 Bearish Bias Building:
Strong supply zone rejection just like we saw in late April and mid-May.
Momentum slowing while price tests the same highs = distribution phase? 🤔
Divergence between price action and buyer strength is becoming more visible.
Key U.S. data events and Fed signals (⚡🇺🇸) coming up — potential catalysts for a breakout or breakdown.
🎯 Key Levels to Watch:
42,600 = Bull trap zone? Watch for another fake breakout.
40,557 = First test support — break here confirms weakness.
38,060 = Demand zone where bulls may re-enter, or price collapses further.
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📌 My Plan:
If price fails again at 42,600, I’ll look for short opportunities toward 40,557, and 38,060 with tight risk control.
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💬 What do YOU think?
Is Dow Jones heading for a correction? Or are the bulls playing possum?
👉 Drop your thoughts, hit the ❤️ if this helps your analysis, and follow for updates!
