DJIA is testing the downside support

DJIA on a way to new highs?

 

DJIA has pulled back to test the 35800-36000 zone. This is now a strong downside support zone and a possible left shoulder of a massive H&S massive formation. A break above this zone is required for the upside extension to a new high. A break below the support of a rising wedge now formed 35700 and 35500 will lead to a downside continuation.

 

Note: look for the short trade entry with the stops just above 36000

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DJIA price action trading strategy

 

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