Dow Jones symmetrical triangle
Price went back up after a strong bounce as investors pile in on the buy-back. Now at a strong zone, formed a symmetrical triangle. So far bullish news regarding economic recovery and more retail traders on the bull train, probability of an upside break is high. We can target higher resistance zone.
If we have a break to the downside, it will be tougher to confirm as the chance of a bear trap is high. Recent price action since January has seen a lot of fake breaks to the downside.
Good Luck and Stay Healthy!
If we have a break to the downside, it will be tougher to confirm as the chance of a bear trap is high. Recent price action since January has seen a lot of fake breaks to the downside.
Good Luck and Stay Healthy!
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