US30/DJI - Important Update
Date: 09/03/2026
The current geopolitical scenario has created chaos around markets. Oil is spiking and markets are struggling to find a bottom. Where will this correction end? Are we close to the bottom or has the fall only just begun?
The global markets are all on a very important cusp at this point. Most markets have broken their immediate supports and are showing no signs of slowing down. At this point the US markets entire structure depends on one point --> 45728
Below this level the overall count and structure of the US30 / DJI charts changes. Currently we are assuming the rise from this low is the first wave of the next impulse that completed at 49621. From this point we entered into a correction with an elongated Wave B. For this scenario and US30's bullish structure to remain intact it is paramount that we do not breach 45728. A breakdown from this level would mean that the correction we are witnessing is that which is correcting the impulse that begins from 38300 levels and that this current downfall has only begun.
At this current time we have no reason to believe that these levels will break and so we are going to stick to our highlighted scenario at the moment and look out for reversal action around 46500 levels.
For those trading the US30 / DJI I would recommend keeping positions light and towards the short side till 46500 levels are reached. Anyone risking catching the bottom please be aware that 45728 is the absolute stop loss for any kind of bullish trades for the US30.
Charts + Video below
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Abhishek Kapadia
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US30/DJI - Important Update
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