Long

DOW JONES Short Term View

Updated
There is two consecutive chart triggers, a small Inverted Head and Shoulder Pattern, and a big skewed W -pattern, with one patterns final target triggering the other pattern,
making a chain reaction like in the price momentum. which can push for bigger move.
Note
with Trendline is being protected and a follow up pullback making a bigger INVERTED HEAD and Shoulder Pattern. However the target is remain same as W-depth.
Note
RIGHT shoulder extending too far and now the bigger IHNS pattern is invalid but is forming a large W-pattern again with neckline near 28200-28400.
Note
Price is nearing to Break Out Activation
Order cancelled
Price has been going in sideways around the neckline for too long, lack of clear breakout cancelling it for fresh view.
Chart PatternsDJIdjiaTechnical AnalysisTrend Analysis

Also on:

Disclaimer