DJI: Hardcore Mode On

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DJI: Hardcore Mode OnDow Jones Industrial Average IndexTVC:DJITotSamiyKaaThe survival game has begun: DJI has switched to Hardcore Mode, where checkpoints below 48400 simply don't exist. Did you manage to save your progress, or are you counting on infinite lives? Technicals: Condition: Despite the price being below the bottom line of the medium-term ascending channel and the tendency showing weakness, we still did not get a clear confirmation of a trend change. Confirmation: A strong candle penetrates and closes below 48400. [b]Keep an eye on 48400: The price reaction at this level will dictate short-term and medium-term movements. Difficulty Levels: Normal: 0.382 Fibo (42840) — Healthy price correction. Difficult: 0.618 Fibo (36960) — Deep but technical correction. Nightmare: Zone — Leading to serious panic and mass liquidations. Be aware of this one. Below 2 possible scenarios for a short-term and a medium-term move: # - - - - - Scenario 1: Immediate medium-term Short (Trigger: Closing below 48400) Entry Point: 48390 Stop-Loss: 51630 Target 1: 42840 Target 2: 36960 Target 3: 29830 # - - - - - Scenario 2: False breakout (Stop Hunt) (Trigger: Price turnaround after 51000) Entry Point: 50300 (after price turnaround) Stop-Loss: above new high Target 1: 42840 Target 2: 36960 Target 3: 29830 # - - - - - ❌ Medium-term scenario is invalidated if geopolitical sentiment returns to norm or we if we see a strong close above 51500, signaling the uptrend continuation # - - - - - Good Luck! ☺️ # - - - - - DISCLAIMER: Not financial advice. Everyone must make trading decisions at their own risk, guided only by their own criteria and strategy for opening or not opening a trade # - - - - - P.S. Did you CHECKPOINT?