US30 The bears are forming the 4th and last leg of an M-shaped pattern from the S&R Zone on the Hourly timeframe.
Typically, the last leg of the "M" pattern is the longest one, which can head for the S&R Zone below (that starts at 40,324). Along the way, the bears may breach the Bullish Trendline (in green dotted line) that can flip the market (directional) bias from bullish to bearish.
US30 On the Hourly, it's in Bullish Market (directional) Bias, so it flipped again.
You can see an Ascending Channel that formed by the two trendlines (in red and green dotted lines). There are now three upper wicks of the last three candles that are meeting resistance to not only reject the Swing High of 40,501, but also the S&R Zone above it and Bearish Trendline (in red dotted line).
Is the market "Stuck Like Chuck"? Seems like it. There's a S&R Zone above and below, bordered by a Swing High (at 40,501) and Swing Low (at 40182). This is like a repeat of the last few trading days. Not fun!
DJI the US Dollar is going to tank on News, to .70 cents!! Sell all stocks buy GLD or risk loosing everything!!!! Dollars headed down hard!! Remember I warned you!!!
US30 The bears are forming the 4th and last leg of an M-shaped pattern from the S&R Zone on the Hourly timeframe.
