Night_Trader

DIA - Bat Pattern and possible reversal before a second leg down

Long
BATS:DIA   SPDR Dow Jones Industrial Average ETF
1
There is a Bat Pattern coming up in the DIA.

I expect a reversal at the .886 retracement and then another leg down. Should price build a trading range above the .886 level and before reaching it, prices will probably break through it and into the support zone.
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.