DJIA is testing the wedge resistance
DJIA is testing the wedge resistance 33500 for a downside reversal breakout. A bounce from here is important for the upside continuation and extension higher to 34500. We need to see a confirmed break above 34150 for the upside extension. Wedge resistance break will mark the significant medium-term reversal.
Note – Look for short trade entries with the stop loss above 33800
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