A look at the weekly timeframe on the Dow jones invh&s
Updated
Nothing much to add here that I didn’t post in the previous idea, just wanted to also show how it looked on a weekly timeframe. Please refer to the previous idea for more in depth analysis about this one. Thanks.
Note
Hit the 1st green inv h&s target a few months back, and are now getting closer and closer to the lavender necklines invh&s breakout target. As it didn’t validate the first time above the neckline and the neckline is descending…the target is actually no longer 40k and somewhere closer to 38-39k. I will post an update to this idea with the measured move lines moved over to the area where the official breakout happened to give a more precise measured move and I will link this idea to that updateNote
2nd target hit!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.