JaredJJohnson

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

DJ:DJI   Dow Jones Industrial Average Index
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.

Jared Johnson
Union Hedge Funds
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.