The Dow Jones Industrial Average is forming a Potential Right Shoulder within an Ascending Broadening Wedge pattern and in this Right Shoulder, we can see a Potential Bearish Gartley at the HOP level with PPO confirmation. If it plays out, we will confirm a Partial Rise and increase the chances of a full on breakdown below this wedge pattern which at the very least would take us to the lows of the entire range.
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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.