Dow Could Be Gearing Up for a Run Toward 50,000

We’ve seen it before—and we might be seeing it again. The Dow Jones is showing a familiar pattern, and here’s what’s happening:

• The index has been repeatedly hitting the 1.618 Fibonacci extension from previous ranges.
  
  
• Right now, we’re approaching the 100% extension between the last swing high (~45,000) and swing low (~36,600).
  
  
• If the Dow breaks above that previous high at 45,000, there's a good chance we’ll see the pattern repeat—with 50,000 as the next target.
  
  
• It’s all about that breakout confirmation. Until then, we watch and wait.
  
  

This market has a memory—let’s see if it chooses to repeat it again.