Dow Jones appears to be completing a major corrective structure (A-B-C) and is currently testing the upper boundary of a long-term ascending channel.
The index has reached a confluence of technical exhaustion:
• Completion of wave C
• Touching the channel’s upper resistance
• Repeating the timing cycle of “impulse → correction → impulse”
• Similar time symmetry conditions seen at previous cycle tops
This alignment suggests that the current bullish cycle may be nearing its end, with the market entering a potential distribution zone.
From here, the probability of a medium-term correction — or even a deeper decline — increases significantly.
If price fails to break convincingly above the channel, the market may begin a larger bearish phase offering potential short opportunities.
The index has reached a confluence of technical exhaustion:
• Completion of wave C
• Touching the channel’s upper resistance
• Repeating the timing cycle of “impulse → correction → impulse”
• Similar time symmetry conditions seen at previous cycle tops
This alignment suggests that the current bullish cycle may be nearing its end, with the market entering a potential distribution zone.
From here, the probability of a medium-term correction — or even a deeper decline — increases significantly.
If price fails to break convincingly above the channel, the market may begin a larger bearish phase offering potential short opportunities.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.