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juliusyap

DJIA : Rising Wedge Pattern

Dow Jones Industrial Average Index (DJ:DJI)  
juliusyap  
DJ:DJI   Dow Jones Industrial Average Index
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
DJIA currently still in bullish mode but forming Rising Wedge Pattern. I notice two confluence of supports.
Immediate support is near EMA50 which also confluence with a previous high around 26600 level.
Breaching below 26000 confluence with EMA200 level will confirm Rising Wedge Pattern as DJIA turns bearish.
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