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Dow Jones Industrial Average Index

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US30F we don’t trade today we withdraw weekly profits…oh forgot there are no traders here only YouTube learners sorry kids



US30F ever since I stopped giving zones I’ve been feeling like DJ Khaled my banker has been saying “another one non stop”

US30F lol traders,traders…oh my bad gamblers,gamblers today is the withdrawal day or you planning to fund again?

US30 As posted earlier, there's the giant M-shaped pattern (drawn out) on the chart. Specifically, it's called a Short Formed M-pattern from the 2nd peak of the "M" being lower (or shorter) than the first peak.

Typical of a the 4th leg of an M-shaped pattern is the long bearish drop that happened earlier. Also typical is how this long leg is used around the Pivot Low of 44,367 (circled in green) to create a new W-shaped pattern.

The previous two candles tangled with the Bullish Trendline (in green dotted line), but rejected it with their lower wicks. We'll see if the bears will eventually cross below the trendline, flipping the market bias from bullish to bearish.

*Side Note:
Watch for the 2nd leg of the W-pattern to form that creates the neckline; the 3rd leg to form its bottom point; and the 4th leg of the pattern as a long, bullish thrust.
Snapshot

DJI my gut feeling says it's time to short.

DJI Can you imagine that little or no effect give him 3 noble prizes the 3rd is for putting up with all the BS and hate jsut for his country to be better while he works for free

US30 Thank you for the awesome profit today. Let's see what US100 can do now...