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PriceActionTrader1

Possible breakdown? - DJI

Short
Dow Jones Industrial Average Index (DJ:DJI)  
PriceActionTrader1 Updated   
DJ:DJI   Dow Jones Industrial Average Index
Trend Analysis Harmonic Patterns Support and Resistance abcd_pattern supportandresistancezones priceactionanalysis
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trendanalysis harmonicpatterns supportandresistance abcd_pattern supportandresistancezones priceactionanalysis
DJI has made lower high with a strong rejection from a resistance level 35575. It has tested 32450 level 2 times before and now it's testing it the third time. It would be interesting to see how price reacts at this level. If it breaks this support level then harmonic AB=CD pattern will get activated and the target would be D point 30280 which is also a next support level.
Comment:
As expected, price broke down below support and activated ABCD harmonic pattern. Target is 30280.
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