Dow jones industrial chart study
Dow jones around 37600
240 mins time frame
Ascending parallel channel breakdown
big fat bearish candle formation on breakdown of channel structure..
now till the high is not crossed and sustained,,
index have possibility to retrace by 50-61% of last furious rally
and note one thing retracement will be sharp
till it below high levels view remains valid
240 mins time frame
Ascending parallel channel breakdown
big fat bearish candle formation on breakdown of channel structure..
now till the high is not crossed and sustained,,
index have possibility to retrace by 50-61% of last furious rally
and note one thing retracement will be sharp
till it below high levels view remains valid
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