mwinmill

Falling Wedge/Triangle bullish!

Long
TVC:DJI   Dow Jones Industrial Average Index
It looks like the dow is now consolidating in a potential falling wedge pattern after it's big bounce over the last couple months. We got rejected at resistance, but so far we're still in good shape. It did put in a lower high but the structure of the move does look like it is respecting fib lines, which would line up with strong resistance. We will be in for a bumpy ride but looks like we may see some fireworks just in time around the 4th of july.

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