Dow Jones Industrial Average Index forum
On the Hourly, if the bearish candle still forming breaches the Swing Low of 42,200 with a candle close on that price or lower, the more moves to the downside.
Look at the levels of Support the bears can potentially break through: 3 S&R Zones and 7 Swing Lows that have not been breached for a long time. They are still active.
This may be a "sweep" to clean away all of those old Swing Lows to make way for new ones.
Alternative Senario: If the current bearish candle forming can't breach the Swing Low of 42,200 with a candle close on that price or lower, then back up it goes.

If the new candle forming closes below the low of the previous Shooting Star (shown as a blue dotted line), then more moves to the downside - towards the Swing Low of 42,200. But if the new candle fails to close below the low of the previous Shooting Star, then back up again - towards the Pivot high of 42,533 (in red arrow).



