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DJI Weekly Rising Narrowing Wedge
Dow Jones Industrial Average Index
Short
DJI Weekly Rising Narrowing Wedge
By BallsOfSteel32
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Aug 11
8
Aug 11
Dow Jones Industrial Average has not shown many signs of slowing in its growth.
Here is a bearish biased shape playing out on the weekly chart in the form of a rising narrowing wedge.
Strictly PA, strictly structure. Keep an eye on this.
Looking for a Macro correction to reach to the .236 or the .382 on a corrective movement.
This is a follow up to a macro long idea on the DJI posted back in March 25th 2023.
NFA
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Aug 11
Note
Sep 25
Note
this idea is looking to be invalidated in the next candle
bearishbias
Chart Patterns
DJI
DOW
dowjones
dowjonesindustrial
Technical Indicators
macro
Rising Wedge
Trend Analysis
weeklychart
BallsOfSteel32
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Long on the Dow Jones Industrial Average
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