daytradersfx

What do you see here? My thoughts....

INDEX:DOWI   DOW Industrials
Being more of a currency trader and less of a stock trader, the question of what do you see here is sincere.

Here's what I see:

1. A massive rising wedge (reversal pattern)

2. Two well established levels, 17,050 and 15,350

3. There are some monster fib levels down below as well.

I don't know what all this means but I think we can see some big arguments being made for at least a medium move down if 17,000 breaks.
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