Dow chemical formed a pipe top a week ago and during this last trading week, there has been a downward breakout from A. This type of formation is one of the most reliable as it is occurring in a bear
market. According to Bulkowski , there is a 41% chance for a pullback to price level A, so this is something to consider as a better entry for a short position compared to now.
The price target is C, where the DOW is expected to drop 3.65 % from last weeks close.
When looking out for pullbacks and placing stop losses, the price volatility
for the DOW should be considered!