DOW JONES Is it repeating the February peak formation?

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DOW JONES Is it repeating the February peak formation?Wall Street 30TRADENATION:US30TradingShotDow Jones (DJIA) has been trading within a Bullish Megaphone pattern since April 21. In contrast to its Higher Highs, the 1D RSI has been under Lower Highs, which is a Bearish Divergence and a potential early Sell Signal. This is so far similar to the RSI Bearish Divergence we saw just before the February 10 2026 peak that initiated the U.S. - Iran war correction below the 1D MA200 (orange trend-line). As a result, as long as the Higher Highs trend-line doesn't breaks, we expect a short-term pull-back to the 1D MA50 (blue trend-line) and the 0.618 Fibonacci retracement level at 50800. A break below the Megaphone, opens up the possibility of a 1D MA100 (green trend-line) test at the top of Support Zone 1 at 49400. --- ** 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‘‡