Dow Jones 3 Month Candle Bullish Close Near Highs

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Looking at the 3 month chart of Dow Jones, with a little under 2 months to go until the close of the current 3 month bar, I believe it will close near the highs. The last 3 month bar was a reverse hammer, a very bullish candle and a buy signal.

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This current week's candle gave me a huge clue as to what will most likely happen next. It is creating a gap spacing between multiple candles to get engulfed by a huge bull candle.


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On the Daily chart

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The 8 Hour chart is flagging in a bullish consolidation building up right under the break of the highs for 46,000

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Nota
Focus on avoiding the middle of the range and getting dragged higher of lower into the middle. Sell at the top and buy at the bottom.

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Penafian

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