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Dow Outlook – Bullish break from Flag formation

FX:US30   Index of top 30 shares on Wall Street
Resistance – 17,934, 18,000, 18,167

Support – 17,811, 17,710, 17,500

PatternBullish break from flag formation

  • Daily chart shows a bullish break from flag formation, which indicates continuation of rally from February low.
  • Consequently, 2016 high of 17,934 stands exposed.
  • Bullish invalidation is seen only if prices see a day end closing back inside flag formation.
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