The Dow has been trading in a rising broadening wedge (a potent bearish pattern). Price is currently at the resistance of the wedge. If the resistance holds, there is a high probability for price to follow the red arrow. Note that it will not be straight line fall to the support of the wedge.
Disclaimer
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.
Disclaimer
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.