Dow Jones Index (US30): Bullish Reversal 📈
Dow Jones reached an important wide horizontal demand zone on a daily time frame one week ago.
The price started to consolidate on that and formed a double bottom pattern with a higher low.
Today, after the NFP release, the market bounced and set a new local higher high, violating the neckline of the pattern - the last lower high.
It looks like a classic bullish reversal pattern.
The index will most likely keep growing to 33540
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