chrisatom
Long

Diamond/triangle broke to the upside, bullish scenario in play

DJCFD:DJI   Dow Jones Industrial Average Index
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Diamond formation stretched out to end of last week then broke upwards, closing above the weekly pivot and it will currently open above the monthly pivot . Weekly bullish reversal elected (just) on the close after 3 weeks of electing bearish reversals. Looking for confirmation of the bottoming pattern, which now looks like a rounded bottom or cup and handle if it gets another consolidation. Bullish price action after lots of crash calling last couple of weeks. BTFD.
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