From TradingView · · 50s
Dow Jones Bears to 49000
Dow Jones drops to 49000 after bearish leg.
In brief
Dow Jones drops to 49000 after bearish leg. Dow Jones Industrial Average is expected to fall to 49000 due to a confirmed bearish leg pattern. Originally reported by TradingView.
Dow Jones Bearish Leg
Dow Jones Industrial Average has been trading within a channel up since the April 07 2025 low.
Bearish Leg Signal
Dow Jones has spent the last week trading entirely below its 1D MA50 blue trend line.
Recent Declines
The most recent bearish leg declined by -14.73% last march finding support on the 1W MA75 red trend line.
Fibonacci Support
The decline was exactly within the 0.382 - 0.236 fibonacci range green zone.
Expected Drop
Dow Jones is expected to decline to at least 49000 potentially approaching the 1W MA75 again.
Here's the gist
Dow Jones Industrial Average is expected to fall to 49000 due to a confirmed bearish leg pattern.
