DOW: Possible Inverse & Shoulders
The Dow appears to be carving an Inverse H&S. The election result still has room to create risk-off knee jerk reactions intraday. I will take advantage of any drops, trading against the low of October 29th.
A daily closing below the spike low of October 11 would somewhat negate the pattern, although I will look to the candle structure before making a trade.
A daily closing below the spike low of October 11 would somewhat negate the pattern, although I will look to the candle structure before making a trade.
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