Hello everyone:
Similar like SPX, I do see the potential reversal from DOW.
We see price is in the overall HTF parallel channel structure, continue to correct the price around the previous HTF all time tops, a double tops price action.
Price formed additional reversal price action with a LTF ascending channel, still correcting the overall move.
Finally, at the top, WE see a LTF "M" Style pattern, mini-double tops, and price begin to fall.
The safer entry would be wait for a confirm breakout from the channel and look for continuation correction to get in.
Thank you
Komen:
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