DOW JONES Correction to 48000 and the 1W MA100 possible.

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DOW JONES Correction to 48000 and the 1W MA100 possible.Wall Street 30TRADENATION:US30TradingShotDow Jones (DJIA) has been trading within an 8-year Channel Up who topped on the first week of this month. With the 1W RSI on a Double Top formation, which was a pattern peak signal, a technical correction back to its 1W MA100 (green trend-line) is possible. Out of the six times since 2018 that the 1W RSI formed either a Double Top or a Lower Highs bearish divergence, the index pulled back to at least its 1W MA100, four times. The most recent was on the April 2025 Low, while March 2026 'only' managed to hit the 1W MA50 (blue trend-line). Regardless of which MA it hit, Dow has always given the most optimal long-term Buy Signal when the 1W RSI hit its Support Zone. If it does that, we will switch back to long-term buyers again, until then we expect Dow to target its 1W MA100 around 48000. --- ** Please LIKE πŸ‘, FOLLOW βœ…, SHARE πŸ™Œ 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. ** --- πŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’Έ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡