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cfetrader
May 23, 2015 5:11 PM

Dow pitchfork boundary dilemma 

Dow Jones Industrial Average IndexDJ

Description

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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