Dow Jones Industrial Average (1H) – Continuation AnalysisDow Jones Industrial Average IndexTVC:DJIIbrahimTarekFollowing our previous breakdown scenario, price has now retested the neckline of the broken Head & Shoulders pattern while also testing the underside of the broken rising wedge structure. This area (49,450–49,600) is acting as a confluence resistance zone: Retest of the Head & Shoulders neckline Retest of the broken wedge support turned resistance Rejection near the descending dynamic trendline Technical Interpretation The current move appears corrective rather than impulsive. Momentum into the retest is weaker compared to the original breakdown leg, suggesting: Possible lower high formation Supply absorption at resistance Increased probability of continuation to the downside If sellers defend this zone, we may see: First downside target: 49,200 Secondary target: 48,900 Pattern projection target: Near 48,600 zone Invalidation Scenario A clean 1H close above 49,750–49,800 would: Reclaim the wedge Invalidate the bearish continuation thesis Open the door for a squeeze toward 50,200 Until that happens, this remains a bearish retest structure. Risk Warning Broken structures often retest before continuation. This is a classic “break and retest” trap zone — traders should be cautious of fake breakouts and wait for confirmation. ⚠️ As long as price remains below the confluence resistance, the downside bias remains valid.