Stelian
Short

DOW Chemical Company pipe top.

BATS:DOW   DOW CHEM CO
175 0 0
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!
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out