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Dowjohnesindustrial

DJIA1! - Dow Screams Trouble AheadWhat we see here is a red pitchfork, catching price at the center and the upper extreme. After the drop, we see the sharp run-up. Price got rejected exactly at the confluence point by the U-MLH (Upper-Medianline-Parallel). Tomorrow is friday and - this is a weekly chart. If pirce is closing down that much, it screams "Trouble Ahead" for the Stock Market. Target? The Centerline for the first portion of the position and then the L-MLH for the second portion.
OSE:DJIA1!Short
by Tr8dingN3rd

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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