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US Wall St 30
Short

DOW Once Again At ATH, Watch For Bearish Price Action

By jojofang0901
Updated

Hello traders:

DOW has pushed up to the top of the current price action structure, and there is possible opportunities of a reversal.

We can see a larger, higher time frame ascending channel correction very clearly.

Price made another bullish up move, to the previous all time highs, potentially forming a double tops.

Latest development shows a smaller, lower time frame ascending channel, all good bearish price action to confirm a downside.

Watch for bearish continuation development now on the LTF, and look for sell entries down to the lows.

thank you
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Watching still for bearish development and confirmation
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Chart PatternscorrectionFlagimpulseIndicesParallel ChannelpatternpriceactionSPX (S&P 500 Index)structureWedge
jojofang0901

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