DOW JONES, Forming H&S Pattern Under Resistance. $26,600 Target
The DOW hit both my overhead targets and retraced on time. I was hesitant to suggest a short but I think we have a very clear picture quite soon. We have a head and shoulders pattern forming under poor RSI and resistance. I think this could bring us to $26,600 +/- as a measured move. This is not trading advice.
Trade active
Looking good to go short still
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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.