Long

DOW JONES repeating May's pattern.

Dow Jones (DJI) has been testing its 4H MA50 (blue trend-line) since yesterday, following 2 straight weeks of trading strongly above it.

If it holds and rebounds, the pattern will draw even more similarities with May's Channel Up, which after the May 06 Low, it resumed the uptrend to peak on a +9.27% rise from the bottom, before breaking below the 4H MA50.

Since the current rise is -0.70% weaker (+4.94% against +5.66%) from May's fractal, we can assume that as long as the 4H MA50 holds, we can expect a peak at 46400.

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