DOW JONES This could be the start of a 5-month downtrend.Dow Jones Industrial Average IndexTVC:DJITradingShotDow Jones (DJI) has been trading within a 4-year Channel Up since the January 2022 High. The recent 3-week rally, though stronger, it resembles the March - April 2022 rally of the last Bear Cycle. With similar 1W CCI patterns, if the index gets rejected this week, it is technically possible to continues seeing a repeat of the 2022 Bear Cycle that only bottomed after hitting its 1.618 Fibonacci extension and the 1W MA200 (orange trend-line). If materialized, the market can target 42000 by the end of the year. --- ** Please LIKE π, FOLLOW β , SHARE π and COMMENT β 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. ** --- πΈπΈπΈπΈπΈπΈ π π π π π π