Dow Jones Double ("M") Top Forming
This pattern is not complete, but it is getting close.
Confirmation of this pattern will occur if index closes below 23400. If that happens, we will likely be entering a mid/long-term bear market for many stocks.
More info on this pattern can be found at: investopedia.com/university/charts/charts4.asp
Confirmation of this pattern will occur if index closes below 23400. If that happens, we will likely be entering a mid/long-term bear market for many stocks.
More info on this pattern can be found at: investopedia.com/university/charts/charts4.asp
Note
Still monitoring this pattern on all the major indexesTrade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.