#US30 – Bearish Breakdown from Rectangle Pattern | 1D Analysis
The Dow Jones Industrial Average (DJIA) has completed a breakdown from a rectangle consolidation pattern, signaling a potential bearish continuation. The index is currently trading around 41,790, with downside momentum increasing.
Technical Analysis:
Rectangle Pattern Breakout – Bearish continuation after range-bound movement
Double Top Formation – Confirmed rejection near 45,000 resistance
Projected Target: 38,000 (as per the pattern breakdown)
Immediate Resistance: 42,000 - 43,200
Fundamental Outlook:
Market sentiment affected by interest rate policy & economic uncertainty
Weak earnings reports and recession fears could add further downside pressure
If DJIA remains below resistance, we could see further declines toward 38,000. However, a break back above 43,200 could invalidate the bearish setup. Watch for volume confirmation and macroeconomic developments!
Technical Analysis:
Rectangle Pattern Breakout – Bearish continuation after range-bound movement
Double Top Formation – Confirmed rejection near 45,000 resistance
Projected Target: 38,000 (as per the pattern breakdown)
Immediate Resistance: 42,000 - 43,200
Fundamental Outlook:
Market sentiment affected by interest rate policy & economic uncertainty
Weak earnings reports and recession fears could add further downside pressure
If DJIA remains below resistance, we could see further declines toward 38,000. However, a break back above 43,200 could invalidate the bearish setup. Watch for volume confirmation and macroeconomic developments!
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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.