Inverted Cup and handle Pattern : DJI

DJ:DJI   Dow Jones Industrial Average Index
Technically, Dow is really at a critical zone. Keeping in mind that Equity is a growing asset, today's DJI session would be very Important. DJI has given a close below its neckline and completed its Pattern. There are concerns of recession as well. Will the DJI fall and complete its target or there will be pattern failure? Here ADX is showing above 24, indicating that markets are about to trend. Rsi indicates the oversold condition in the market.

* It is just my analysis and no recommendation of Buy or Sell is Given.


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