Dow Jones appears to be completing a major corrective structure (A-B-C) and is currently testing the upper boundary of a long-term ascending channel.
The index has reached a confluence of technical exhaustion:
• Completion of wave C
• Touching the channel’s upper resistance
• Repeating the timing cycle of “impulse → correction → impulse”
• Similar time symmetry conditions seen at previous cycle tops
This alignment suggests that the current bullish cycle may be nearing its end, with the market entering a potential distribution zone.
From here, the probability of a medium-term correction — or even a deeper decline — increases significantly.
If price fails to break convincingly above the channel, the market may begin a larger bearish phase offering potential short opportunities.
The index has reached a confluence of technical exhaustion:
• Completion of wave C
• Touching the channel’s upper resistance
• Repeating the timing cycle of “impulse → correction → impulse”
• Similar time symmetry conditions seen at previous cycle tops
This alignment suggests that the current bullish cycle may be nearing its end, with the market entering a potential distribution zone.
From here, the probability of a medium-term correction — or even a deeper decline — increases significantly.
If price fails to break convincingly above the channel, the market may begin a larger bearish phase offering potential short opportunities.
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