The current price is around 48844
The Dow is forming a clear pressure triangle between rising support and sloping resistance.

This is not a random move…
Rather, it is a compression phase before a directional explosion.

▪️The overall mid-term trend is still upward.
▪️ Price retested the 48,400 – 48,500 area multiple times.
▪️ Actual functional resistance is 49,800 – 50,200.
▪️ Maximum liquidity is 51,500 – 52,000.

The market is currently in a “test of confidence” zone.

If the price remains above 48,700
The 4-hour closing exceeded 49,800 points:

🎯50,400
🎯51,200
🎯 52,000+

Breaking 50,000 is both psychological and structural.
It often prompts acceleration.

🔴Alternative Scenario

Just dropped significantly below 47,900 points
We might see:

47,000
Then 46,245
Then 45,756

This will be a deeper correction within the larger trend…
And it’s not a long-term collapse.

🟢 Logical purchase:
48,400 – 48,600
Stop loss: below 47,900
Target: 49,800 → 50,400

🟢 Buy Momentum:
Breaking through 49,800
Target 51,000+

🔴 Speculative sales represent only a small portion of 47,900
emergency stop
Target 47,000.

The Dow Jones is not moving as well as the Nasdaq…
But when he acted, the decision was clear.

Who sells under pressure to collect…
He may find himself chasing the market higher.

Waiting for a break…
Then stick to the plan.

Mohammad Halawani 🔱
Control Academy

Source link