DOW JONES Top of its Channel. Sell opportunity.

The Dow Jones Industrial Average Index (DJIA) hit our 41000 Target as projected on our last analysis (July 10, see chart below) and reached the top (Higher Highs trend-line) of the 3-month Channel Up:

The Bullish leg competed a rise around the same levels as the previous one (7.87% against 7.65%), so we can assume the symmetry will continue to shape within this pattern and affect the Bearish Legs too.

The previous Bearish Leg made a -5.14% decline. Our Target is 39200, marginally above the 0.618 Fibonacci retracement level.

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