DOWJONES Dont Miss the Drop
Updated
Hello everyone:
Similar like SPX, I do see the potential reversal from DOW.
We see price is in the overall HTF parallel channel structure, continue to correct the price around the previous HTF all time tops, a double tops price action.
Price formed additional reversal price action with a LTF ascending channel, still correcting the overall move.
Finally, at the top, WE see a LTF "M" Style pattern, mini-double tops, and price begin to fall.
The safer entry would be wait for a confirm breakout from the channel and look for continuation correction to get in.
Thank you
Comment
Related publications
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.