Dow Jones 30 - Possible rise to 18K followed by a sell-off
Break above 17,947 (falling channel resistance + 50% Fibo retracement) would fuel a rise to point D at 17,987 (78.6% of XC), where bears are likely to come in.
Trade closed: target reached
and sellers came in as expected near point D. Short trade open now
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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.