Long on the Dow Jones Industrial Average

Giant Falling wedge on the daily chart. It will probably go to the .618 which finds confluence in the bottom of the wedge.

Expect a breakout after.

Comment:

breakout happened sooner than anticipated

Comment:

Looks like another similar and smaller formation.
Daily Chart

Comment:

Daily looks like its turning into a head and shoulders

Comment:

dow on the weekly. Looks like its ready to turn around for a correction. 38,300 should be the ceiling at the 1.618 extension. If the price rolls overs, targets are
yellow : 50 sma and the .236 fib
red : 100 sma and the .5 fib