The Dow remains in a symmetrical triangle, albeit with a nested triangle that leans ever so slightly toward descending. This nested triangle qualifies as a triangle formation having two peaks and two valleys with diminishing, or consolidating, amplitude.
Perhaps this ever-tightening consolidation is the market waiting with bated breath for tomorrow's FOMC meeting.
Perhaps this ever-tightening consolidation is the market waiting with bated breath for tomorrow's FOMC meeting.
Note
Wow! Breakdown much?!!
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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.