Dow Jones Industrial Average has not shown many signs of slowing in its growth.

Here is a bearish biased shape playing out on the weekly chart in the form of a rising narrowing wedge.

Strictly PA, strictly structure. Keep an eye on this.

Looking for a Macro correction to reach to the .236 or the .382 on a corrective movement.

This is a follow up to a macro long idea on the DJI posted back in March 25th 2023.

NFA

Do your own DD

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Long on the Dow Jones Industrial Average
bearishbiasChart PatternsDJIDOWdowjonesdowjonesindustrialTechnical IndicatorsmacroRising WedgeTrend Analysisweeklychart

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