7d • 💬 Discussion
Dow Jones – 4H Technical Analysis
The 3-Drive bearish pattern remains in play on the 4H chart.
Drive 1 → Drive 2 → Drive 3 completed near 54,736.
The pattern shows strong 1.618 Fibonacci extensions on the first two drives.
There is also notable time symmetry, with approximately 18 bars between the key corrective points.
Price has already started showing rejection from the third drive and is currently trading around 52,959.
A break below the recent structure would strengthen the bearish setup.
The 1.27 extension is around 50,362, while the 1.618 extension target is near 49,163.
Bias: Bearish below the 54,736 area, provided the reversal structure continues to hold.
0
0 comments
Dow Jones – 4H Technical Analysis
skool.com/sarmaayaskool
A private community by Sarmaaya to help people build wealth, master money, and achieve financial freedom with guidance, clarity, and accountability.
Leaderboard (30-day)
1
+149
2
+80
3
+73
4
+57
5
+42
Powered by