On March 27, 2023, it was noted that algorithms had been developing a 1-hour chart structure that was similar to, but not an exact replica of, the 1-hour chart structure between October 13, 2022 at 09:15 a.m. ET and October 21, 2022 at 10:00 a.m. ET.
On March 29, 2023 it appeared the Dow was on a fast track to recreate the Dow 1-hour futures chart developed between May 20, 2022 at 1:00 p.m. ET and May 30, 2022 at 5:00 p.m. Based on its rate of speed, it was expected to reach 33,616 (+/- 1%) (33,280 – 33,952} by April 10, 2023 before moving lower. The Dow futures price crossed the 33,616 mark on April 3, 2023, one week earlier than expected, and continued to move sideways within its 1% range.
On March 31, 2023 it was observed that the structure developed between March 20, 2023 at 4:00 a.m. ET and March 31, 2023 at 10:00 a.m. was similar to what was constructed between October 6, 2021 at 9:00 a.m. ET and October 19, 2021 at 6:00 a.m. ET. Based on the March 20 – 31, 2023 structure and development rate of speed the Dow was expected to reach 34,306 (+/- 1%) (33,963 – 34,649) by April 13, 3023 (+/- 1 trading day). On April 12, 2023 the Dow futures moved into the lower 1% range of 34,306.
This summary concludes that the 1-hour chart is expected to continue moving higher, ultimately reaching 34,387 (+/-1%) by April 18, 2023 before moving lower.