DJIA Forming a Double Bottom?
Dow Industrial along with other indices have hit key support levels. Where I expected a bounce in the short term(see related links below).
I have posted a long trade in my Forex Trade Ideas section, that has been going pretty well. The price is very close to first target. Which is a the neckline for the potential double bottom pattern that's in play.
A break above the neckline will probably signal more upside and clear the way to the second targeted area around next resistance level. Which is also near the 200-days Simple moving average.
Regards,
Technician
I have posted a long trade in my Forex Trade Ideas section, that has been going pretty well. The price is very close to first target. Which is a the neckline for the potential double bottom pattern that's in play.
A break above the neckline will probably signal more upside and clear the way to the second targeted area around next resistance level. Which is also near the 200-days Simple moving average.
Regards,
Technician
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