Last week (see chart below) we gave a buy signal on Dow Jones (DJI), which easily hit our 48650 short-term Target, as the price found support inside a tight Triangle pattern:
This time, a strong sell opportunity is emerging (in fact strongest in two months) as we move to the longer 1D time-frame, where Dow has been trading within an 8-month Channel Up that is very close to its top (Higher Highs trend-line).
The 1D RSI however is already touching its multi-month Resistance Zone, which makes it a prime Sell Signal already as the last time it was there was almost 2 months ago (November 12 2025). What followed this was a strong -5.59% technical pull-back that found support exactly on the 1D MA100 (green trend-line) at the bottom of the Channel Up.
Basically, the current Bullish Leg has also just completed a +8.59 rise, which is the most a Bullish Leg has grown within this pattern. And since a -4.00% correction has been the usual decline on all corrections also, we expect Dow to hit the 47900 - 47600 Target Zone, consisting of the 1D MA50 (blue trend-line) and 1D MA100 respectively, with Support 1 in between.
Keep an eye also on the 1D RSI Support Zone. If it gets hit before any of those targets, it will be a good idea to take the profit on the shorts then, regardless of the price.
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This time, a strong sell opportunity is emerging (in fact strongest in two months) as we move to the longer 1D time-frame, where Dow has been trading within an 8-month Channel Up that is very close to its top (Higher Highs trend-line).
The 1D RSI however is already touching its multi-month Resistance Zone, which makes it a prime Sell Signal already as the last time it was there was almost 2 months ago (November 12 2025). What followed this was a strong -5.59% technical pull-back that found support exactly on the 1D MA100 (green trend-line) at the bottom of the Channel Up.
Basically, the current Bullish Leg has also just completed a +8.59 rise, which is the most a Bullish Leg has grown within this pattern. And since a -4.00% correction has been the usual decline on all corrections also, we expect Dow to hit the 47900 - 47600 Target Zone, consisting of the 1D MA50 (blue trend-line) and 1D MA100 respectively, with Support 1 in between.
Keep an eye also on the 1D RSI Support Zone. If it gets hit before any of those targets, it will be a good idea to take the profit on the shorts then, regardless of the price.
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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.