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BallsOfSteel32
Mar 26, 2023 2:32 AM

Long on the Dow Jones Industrial Average Long

Dow Jones Industrial Average IndexTVC

Description

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
Comments
johnharspin
makes sense your fired
BallsOfSteel32
@johnharspin, thanks for commenting!
BallsOfSteel32
edited
TradingShot
There is surely profit to be made by this idea. Thanks for sharing your view!
BallsOfSteel32
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InkyGrip
The DJI seems bullish. The market needs to create a new breakout from the resistance
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