The Dow Jones Industrial Average Index (DJI) on the 4H chart has formed a Double Top pattern, indicating potential trend exhaustion and bearish reversal. The price was rejected near 42,900 twice and has now broken below the neckline, triggering a short trade setup.
🔹 Pattern: Double Top
🔹 Resistance Zone: 42,900 – 43,000
🔹 Neckline Break: ~42,450
🔹 Target Area: 40,878 based on pattern projection
🔹 Fundamental Context: Profit-taking and market uncertainty post recent highs
Bearish momentum active – trade remains valid unless price reclaims and holds above 42,950. Short setup is technically and structurally supported. 📉🧭
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This is not financial advice. Please conduct your own research and manage risk accordingly.
🔹 Pattern: Double Top
🔹 Resistance Zone: 42,900 – 43,000
🔹 Neckline Break: ~42,450
🔹 Target Area: 40,878 based on pattern projection
🔹 Fundamental Context: Profit-taking and market uncertainty post recent highs
Bearish momentum active – trade remains valid unless price reclaims and holds above 42,950. Short setup is technically and structurally supported. 📉🧭
Note : If you found this helpful, like and follow for more trade ideas!
Share My Idea With Your Firends Mention Your Feed back Comment Section
This is not financial advice. Please conduct your own research and manage risk accordingly.
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Telegram @Signals_98
t.me/+HZOTWoeqVoo3M2Nk
Our Channel
t.me/+HZOTWoeqVoo3M2Nk
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。