IS THIS THE DROP OF DOW JONES?
Updated
As forecasted previously, price hit our target. Now the one question you should ask yourself is: "How did price approach that POI (point of interest)?"
In this case it is corrective (or structural), nevertheless, price is hinting a probability of downside momentum. High Probability.
Personally, I drew those white trend lines to furthermore add confluence and to make my entry as conservative as possible.
If you look at it close enough, price has formed a Head & Shoulders pattern on the third touch of a rising wedge within an ascending channel that is within an expanding triangle.
Definitely will sell Dow if a bear flag continuation forms.
In this case it is corrective (or structural), nevertheless, price is hinting a probability of downside momentum. High Probability.
Personally, I drew those white trend lines to furthermore add confluence and to make my entry as conservative as possible.
If you look at it close enough, price has formed a Head & Shoulders pattern on the third touch of a rising wedge within an ascending channel that is within an expanding triangle.
Definitely will sell Dow if a bear flag continuation forms.
Note
There is a bullish flag that has availed itself on the LTF'S. I will take a buy at 35503
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