DJIA : Rising Wedge Pattern
DJIA currently still in bullish mode but forming Rising Wedge Pattern. I notice two confluence of supports.
Immediate support is near EMA50 which also confluence with a previous high around 26600 level.
Breaching below 26000 confluence with EMA200 level will confirm Rising Wedge Pattern as DJIA turns bearish.
Immediate support is near EMA50 which also confluence with a previous high around 26600 level.
Breaching below 26000 confluence with EMA200 level will confirm Rising Wedge Pattern as DJIA turns bearish.
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