Long on the Dow Jones Industrial Average
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Giant Falling wedge on the daily chart. It will probably go to the .618 which finds confluence in the bottom of the wedge.
Expect a breakout after.
Expect a breakout after.
Nota
breakout happened sooner than anticipatedNota
Looks like another similar and smaller formation.Daily Chart
Nota
Daily looks like its turning into a head and shouldersNota
dow on the weekly. Looks like its ready to turn around for a correction. 38,300 should be the ceiling at the 1.618 extension. If the price rolls overs, targets are
yellow : 50 sma and the .236 fib
red : 100 sma and the .5 fib
Nota
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