Dow Jones Industrial Average IndexDD

Dow Jones Industrial Average Index

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US30 Last Look for This Session:
On the Hourly, the bearish descent went as far as the lower end of the S&R Zone (that ends at 42,835).

The bears rejected dropping more to retrace.

Price action can still play Ping Pong between the S&R Zones, above and below. Watch for a breakout. Either the Swing High of 43,134 or the Swing Low of 42,768 will get breached with a candle close on one of those prices and go past it.
Snapshot


US30 🔽 US30 SELL Signal 🔽

📍Entry: 42980
🛑 Stop Loss: 43130

🎯 Take Profit Targets:
✅ TP1: 42950
✅ TP2: 42880
✅ TP3: 42780
✅ TP4: 42500

📝 Trade Explanation:
This sell trade is based on price rejection near a key resistance zone, indicating potential downside momentum. The setup offers a favorable risk-to-reward ratio with multiple target levels aligned with recent support areas. A strict stop-loss is placed above the resistance to manage risk in case of bullish continuation.




US30 Typically, one of three M-shaped patterns form near a Swing High/Pivot High.

On the 4-Hour, the neckline is in formation, then will head back up for the 3rd leg of the "M". The Outside Day pattern shows that after this bear run is over, we'll see an immediate retrace.

And as usual, the 4th and last leg of the "M" pattern is a long bearish trend. Let's see if it plays out that way.
Snapshot