US30 (DowJones) - 4H a bearish correction

The Dow Jones has recently captured liquidity above the previous high, as indicated by the sharp move and subsequent rejection from the highlighted resistance zone.
This failure to consolidate above the resistance suggests that the bullish momentum has temporarily exhausted, and we could see a retracement.
The price is likely to pull back to the green support zones marked on the chart before attempting another bullish push.
Traders should watch for potential buy opportunities at these support levels, anticipating a bounce and continuation of the upward trend after this correction.

Comment:

DOWJONES broke the ascending channel downwards and executed perfect pullbacks to retest the broken channel. The subsequent consolidation under the channel supports our bearish analysis, indicating a potential further decline. Traders should watch for confirmation of this downtrend as the price action develops.

Comment:

Congratulations to everyone who followed our Dow Jones (US30) analysis! Our prediction played out perfectly, with the price breaking down from the ascending channel as anticipated.
This successful forecast marks the start of a potential downward movement, offering excellent opportunities for those positioned accordingly. Stay tuned for more insights and trading signals!

Trade closed: target reached:

Yesssss! It's our magic at work! 🎉 Dow Jones just reached our target, and it's real!
Congrats to all who followed our analysis and believed in the strategy. This is a big win for us!
Let's keep the momentum going and continue to capitalize on these opportunities together. Stay tuned for more winning signals!