DOW JONES 2-month Channel Down targets the 1D MA200.US 30CAPITALCOM:US30TradingShotDow Jones (DJIA) has been trading within a Channel Down since August 04 and is currently under successive rejections on its 4H MA50 (blue trend-line). Those are on the middle of the pattern (0.5 Fibonacci level), with the 4H MA100 (green trend-line) just coming off the Channel's Sell Zone. As long as this continues, it is more likely to see the current Bearish Leg completing a new -3.50% total decline (like the previous two Bearish Legs), targeting 50550. That would be directly above the 1D MA200 (red trend-line), the market's long-term Support. --- ** 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. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇