Short term expanding wedge above larger expanding wedge. With high inflation data in US and possible interest rate rises, outlook and chart ripe for a short.
Confirmation over next few days, depending on sell volumes/news/interest rates etc etc.
DJI will likely retest and bounce/false breakout trend lines, be patient!
Short term short:
SL: 36670
Entry: ~36090
TP1: 35630
TP2: 34794
TP3: 33934
Long term short:
SL: 33513
Entry: ~32868
TP1: 29620
TP2: 26187
TP3: 19588
Confirmation over next few days, depending on sell volumes/news/interest rates etc etc.
DJI will likely retest and bounce/false breakout trend lines, be patient!
Short term short:
SL: 36670
Entry: ~36090
TP1: 35630
TP2: 34794
TP3: 33934
Long term short:
SL: 33513
Entry: ~32868
TP1: 29620
TP2: 26187
TP3: 19588
Comment:
Prediction, playing out well. Need a few more weeks for the trends to play out.