TradingView
TipTVFinance
Oct 26, 2016 1:52 PM

Dow CFD – Increased odds of a bearish break 

US Wall St 30OANDA

Description

Breach of rising trend line drawn from Feb low and June low coupled with a falling tops formation since Aug 15 suggests the index is more likely to breach key support of 17935 (trend line drawn from Sep 12 low and Oct 13 low).

A daily close below 17,935 would confirm trend reversal suggested by breach of rising trend line.

On the higher side, only a daily close above falling trendline would restore bullish sentiment.
More