Dow Utilities could setup a classic SHS pattern (in orange and target in yellow) with a neckline around the 527 handle.
Left and right shoulder are now at the same highs with a 61.8 retracement of the head - at the 577 handle.
The other pattern is a harmonic ABCD patern (in blue) with a target at the 510 handle
Momentum on the MACD histogram is decreasing
Will it play out....time will tell...as always
Safe trading L&G
BLawrenceM
Music at work:
youtube.com/watch?v=XfR9iY5y94s
open.spotify.com/track/46RVKt5Edm1zl0rXhPJZxz
Left and right shoulder are now at the same highs with a 61.8 retracement of the head - at the 577 handle.
The other pattern is a harmonic ABCD patern (in blue) with a target at the 510 handle
Momentum on the MACD histogram is decreasing
Will it play out....time will tell...as always
Safe trading L&G
BLawrenceM
Music at work:
youtube.com/watch?v=XfR9iY5y94s
open.spotify.com/track/46RVKt5Edm1zl0rXhPJZxz
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.