WALLSTREETCFD trade ideas
Dow JonesDow Jones... factoring in fed rate hike only in range.....
This range seems to be for few more trading sessions....
Have marked the range...
Happy Trading...
LIke ....Share.... Follow....
US30 aka Dow jones at confluence of support.US30 is at a confluence of weekly support, the earlier resistance trendline being retested and now acting as a good support, also there is a horizontal supply zone.
Head and shoulders pattern @DJIA IndexIf Dow Jones Industrial Average Index(#DJI Weekly Log Chart) Close below Read Line(Head and Shoulders NeckLine) On Weekly Chart Than Head and Shoulders Confirm .
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.