DAYANG almost completing a bullish Cup & Handle pattern within a multi year Rounding Bottom pattern in monthly chart with huge volume from this year onwards. A break above FiboR 38.2% or around 1.80 with have potential run up to previous high or 100%.
Among the 3 major indices, NASDAQ 100 is the closest to forming the Rising Wedge Pattern as it is currently already below EMA50 and at the confluence support of previous high & lower uptrend line. Breaching around 7680, it will turn bearish and heads towards EMA200 as its next support around 7500.
DJIA currently still in bullish mode but forming Rising Wedge Pattern. I notice two confluence of supports.
Immediate support is near EMA50 which also confluence with a previous high around 26600 level.
Breaching below 26000 confluence with EMA200 level will confirm Rising Wedge Pattern as DJIA turns bearish.