US30 – Head and Shoulders Pattern Signals Bearish Reversal Setup
The Dow Jones Industrial Average (DJIA) is displaying a classic Head and Shoulders formation on the 4H chart, suggesting a potential trend reversal. Price has broken below the neckline and is trading below the Ichimoku cloud, signaling growing downside pressure.
🔹 Pattern: Head and Shoulders
🔹 Current Price: ~$41,966
🔹 Breakdown Confirmation Level: ~$42,200 (neckline)
🔹 Target: ~$41,000 based on measured move
🔹 Technical Outlook: Bearish momentum building below neckline and cloud
🔹 Fundamentals: Market cautious ahead of macro data and Fed policy signals
Bearish scenario developing – sustained price action below neckline could accelerate downside move toward target. 📉⚠️
Note :If you found this helpful, like and follow for more trade ideas!
Share My Idea With Your Firends Mention Your Feed back Comment Section
This is not financial advice. Please conduct your own research and manage risk accordingly.
🔹 Pattern: Head and Shoulders
🔹 Current Price: ~$41,966
🔹 Breakdown Confirmation Level: ~$42,200 (neckline)
🔹 Target: ~$41,000 based on measured move
🔹 Technical Outlook: Bearish momentum building below neckline and cloud
🔹 Fundamentals: Market cautious ahead of macro data and Fed policy signals
Bearish scenario developing – sustained price action below neckline could accelerate downside move toward target. 📉⚠️
Note :If you found this helpful, like and follow for more trade ideas!
Share My Idea With Your Firends Mention Your Feed back Comment Section
This is not financial advice. Please conduct your own research and manage risk accordingly.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.