Dow Jones
Updated
In our previous idea we have seen the different patterns in the chart.
Today there is one pattern only. Downward channel.
Price has broken the support at 33700 - 33720 and now it is moving in a channel.
In a channel price moves in a zig zag way which gives confusion in trend direction.
Possibilities : Price can break the channel and become bullish above 33600 to move towards 33700, 33780.
Price can face resistance below 33550 and fall towards 33480 and 33400.
Today there is one pattern only. Downward channel.
Price has broken the support at 33700 - 33720 and now it is moving in a channel.
In a channel price moves in a zig zag way which gives confusion in trend direction.
Possibilities : Price can break the channel and become bullish above 33600 to move towards 33700, 33780.
Price can face resistance below 33550 and fall towards 33480 and 33400.
Note
Above the channel, but still price is weak. Note
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