amanpaulbhogal

Pull back on the DOW after a trend reversal

INDEX:DOWI   DOW Industrials
After today's bearish engulfing bar close below the marked resistance area on the chart a pull back is imminent on the DOW Industrials             daily time frame. Stochastic and RSI convergence, and recent trending price action structure show the increased likelihood of bullish momentum to ensue after a suggestive pull back.
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