DOW JONES Head and Shoulders formed. Potential visit of Feb lows

Dow Jones (DJI) had formed a Head and Shoulders (H&S) pattern on the 4H time-frame and ahead of the first 4H Death Cross in 7 months (since August 21 2023), the probability of a short-term correction seems stronger than ever.

Technically H&S patterns target the 2.0 Fibonacci extension but we will settle for a slightly higher target on Support 1 at 38050.


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