DOW transportation rising wedge watch

Dow Jones Transportation AverageDJ

Description

⋅ Nov 18, 2017 12:32 AM

- Rising wedge is bearish as seen in previous samples
- only lower trend line is taken the pattern is valid
- Bigger correction may come if DJT breakdown
- bull chance for one more push up, next top (SPX) probably in Late Nov/Dec

Comment

⋅ Nov 25, 2017 3:51 AM

rejected at 20DMA

Trend Analysis Chart Patterns