cfetrader

Dow pitchfork boundary dilemma

DJ:DJI   DOW JONES INDUSTRIAL AVERAGE
25 0 5
Since 2009 the DOW index values oscillate within an ascending triangle and a pitchfork based on the 2007-2009 correction. Additionally, this particular correction height defines the 1.618 Fibonacci extended target of approximately 19,000. For this goal to be achieved the pitchfork must be breached and this constitutes the main trend dilemma.
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