Dow Jones (DJI) has been trading within a 16-year Channel Up since the 2008 Housing Crisis and approximately every 3.5 years (44 months) it tops and starts a technical correction/ Bearish Leg.
All of those Bear Cycles essentially since October 2011 have eventually pulled-back to the 1M MA50 (blue trend-line) at roughly he 0.382 Fibonacci retracement level. Only once time the 1M MA50 broke significantly and that was in March 2020 during the COVID flash crash, which eventually found Support on the 1M MA100 (green trend-line).
As a result, we expect Dow to start its Bear Cycle in 2026. From the current high the 0.382 Fib stands at exactly 40000, which based on its trajectory is where the 1M MA50 is headed by Q3 2026.
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All of those Bear Cycles essentially since October 2011 have eventually pulled-back to the 1M MA50 (blue trend-line) at roughly he 0.382 Fibonacci retracement level. Only once time the 1M MA50 broke significantly and that was in March 2020 during the COVID flash crash, which eventually found Support on the 1M MA100 (green trend-line).
As a result, we expect Dow to start its Bear Cycle in 2026. From the current high the 0.382 Fib stands at exactly 40000, which based on its trajectory is where the 1M MA50 is headed by Q3 2026.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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🔥Automate my TradingView strategies with OneBullEx 🤖 Professional crypto bots • Risk-managed • No emotions 👉 Trade smarter on OneBullEx using my link: rebrand.ly/7b3792
For my Account Management & Signal services👉 rebrand.ly/azr2wfo
For my Account Management & Signal services👉 rebrand.ly/azr2wfo
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.