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

SPDR Dow Jones Industrial Average ETFArca

Description

⋅ Jan 25, 2014 4:09 PM

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.