US Wall St 30Updated US30 playing out 2008 crash's pattern
Been looking at the US30 over the past month.
On a weekly chart, we see sort of a head and shoulders, and just completed the final touch on the neckline. This is a repeated price pattern from the 2008 crash as we can see from the bar pattern extract below.
The uncertainty with the Russia-Ukraine conflict will either make or break this? Keen to hear your thoughts.
On a weekly chart, we see sort of a head and shoulders, and just completed the final touch on the neckline. This is a repeated price pattern from the 2008 crash as we can see from the bar pattern extract below.
The uncertainty with the Russia-Ukraine conflict will either make or break this? Keen to hear your thoughts.
Note
We have broken the lows, 2 more days to candle close on the 1W. Depends on how bearish it closes, next target area 29,446 support zone.
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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.