US30 - Bearish break from triangle pattern
Dow's bearish break from the triangle pattern coupled with a day end closing below 23.6% Fibo support means the prices could test 38.2% fibo support seen at 17,149. A break lower would expose psychological level of 17,000.
On the other hand, a rebound from 17,233 (200-DMA) would open doors for a re-test of 17,538 (23.6% Fibo level).
On the other hand, a rebound from 17,233 (200-DMA) would open doors for a re-test of 17,538 (23.6% Fibo level).
