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PriceActionTrader1
May 3, 2022 2:57 AM

Possible breakdown? - DJI Short

Dow Jones Industrial Average IndexDJ

Description

TVC: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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