US30 Be on Guard! There's lots of trickery afoot. I have lots of reasons for calling the Dow, Crazy 2.0.
On the Hourly, the bears just broke through the Bullish Trendline (in green dotted line) to flip the market bias from Bullish to Bearish. But be careful, the current candle is hanging from a two-tiered S&R Zone. The intent will either to retrace to retest the trendline or follow through on the drop down a bit before retracing. Ultimately, the bears can eventually head towards the Swing Low of 39,898.
*Side Note: Earlier, the Dow did its shenanigans for hours through consolidation, using two, back-to-back Tweezers Bottoms to create a long Support Line for the bulls to rally, but tethered in a vertical, consolidated way, only to drop down, like what's happening now. Very clever and devious!
US30 This drop looks like a classic liquidity sweep from the consolidation range above 40,350, grabbing stop losses before likely bouncing off the rising trendline support just below the 40,000–40,050 zone.
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What to Watch Right Now: • If price taps the white trendline and holds with a wick + bullish 15min candle close, that’s your signal to go long. • Entry zone: 40,000–40,050 • Target: Back toward 40,300–40,400 • Risk: Place stop just below trendline + previous low (approx. 39,875 or tighter) • If trendline breaks with strength, don’t fight it. Wait for a retest from below and short into 39,800, or further if momentum builds.
NQ1!NAS100 see? I'm not lying, sometimes I get things wrong through lack of concentration or haste because I'm not a robot. I've actually discovered a configuration that works 100% and I'm not crazy, I did it!
US30 Be on Guard!
