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. 📉⚠️
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🔹 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.
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For More Help
Telegram @Signals_98
t.me/+HZOTWoeqVoo3M2Nk
Our Channel
t.me/+HZOTWoeqVoo3M2Nk
Telegram @Signals_98
t.me/+HZOTWoeqVoo3M2Nk
Our Channel
t.me/+HZOTWoeqVoo3M2Nk
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.