Dow Jones Index (DJI) – Repeating Structure at 1.618 Extension?Dow Jones Industrial Average IndexDJ:DJIHEISENBERG_SayMyNameMarket Overview In the previous idea, we highlighted that since 2018 the Dow Jones has repeatedly reached the 1.618 Fibonacci extension measured between the last major swing high and swing low. Each time price achieved this extension target, a reversal followed. Currently, price has once again reached the projected 1.618 extension zone. This brings attention to a recurring structural behavior that has marked the beginning of prior main corrections. Technical Analysis 1️⃣ Fibonacci Extension Context - From 2018 onward, major bullish legs have extended toward the 161.8% Fibonacci projection before losing momentum. The current structure shows price testing that same proportional target area again. - This level has previously acted as a completion point for impulsive phases. 2️⃣ Repeating Correction Pattern - The annotated chart highlights a recurring sequence: 1- Strong rally with a sharp trend angle 2- Price reaching the 1.618 extension target 3- Formation of a Double Top near the extension zone 4- Breakdown of the Double Top neckline 5- Break of the ascending trend angle 6- Start of the main corrective phase This pattern appeared in 2020 and again in 2022. - At the current highs, we are observing: 1- A steep ascending trend angle 2- Price trading at the 1.618 extension 3- Early signs of a potential double top formation The critical confirmation, however, would require: - Clear breakdown below the double top structure - Loss of the current ascending trend angle Until those conditions occur, the trend technically remains intact. 3️⃣ Key Structural Levels * Based on the annotated chart: - The 1.618 extension zone acts as resistance - The double top neckline represents the first structural support - The ascending trendline (trend angle) is the dynamic support - Previous consolidation ranges below form the broader correction zone A break of both the neckline and trend angle would signal a structural shift similar to previous cycles. *** Conclusion : The Dow Jones has once again reached the 1.618 Fibonacci extension target — a level that historically preceded major corrections since 2018. The recurring pattern suggests that a double top formation near this extension, followed by a breakdown and trend angle violation, could initiate a new main correction. For now, price remains in an uptrend. The market is at a decision point. We will monitor whether the historical pattern repeats — or if this cycle behaves differently.