DOW JONES testing the last Support before confirmed Bear Cycle.Dow Jones Industrial Average IndexTVC:DJITradingShotDow Jones (DJI) is testing its 1D MA150 (red trend-line), which historically within its 17-year Channel Up (that started since the 2008 U.S. Housing Crisis) has been the level that when broken (closing a 1M candle below) it has kickstarted all major corrections (Bearish Legs). Those corrections have essentially been the Bear Cycles of the pattern with all either hitting their 0.382 Fibonacci retracement levels from the previous bottom or the 1M MA50 (blue trend-line), which is the market's natural multi-year Support. In some cases the corrections even hit both. With the 1M RSI also turning overbought in the last two months (above 30.00) and now getting rejected, which was the signal that initiated the corrections of 2025 and 2022, we can expect Dow to pull-back to 40500 (Fib 0.382) to test its 1M MA50, in case it closes a monthly candle below the 1D MA150 now (which will be the sell confirmation signal). --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇