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SynergyTradingSetups

Dow Jones in a bearish rising wedge

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CURRENCYCOM:US30   None
Trend Analysis Chart Patterns Technical Indicators dowjones short LONG NOW Bearish Patterns Wedge
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trendanalysis chartpattern indicator dowjones short long now bearish wedgepattern
Following this wedge as DJ30 rose above its resistance. We are looking to see if it breaks the wedge and then falls below the support. Price could fall to 32500 and then continue rising up or we could be setting a lower high on the daily tf before a further correction down.
Komen:
Markets are so strong right now. DJ has broken up from this wedge, why you never go short unless a pattern has broken! We can still use the lower support to enter a short if it breaks or look to enter a long on a smaller tf pull back. I will update with the trade!
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