US30 showing a short signal to 30,489

Short

Dow Jones Industrial Average Index (CURRENCYCOM:US30)

CURRENCYCOM:US30 Dow Jones Industrial Average Index

trendanalysis chartpattern fundamental us30 dowjones dowjonesindustrial dowjoneshort

M Formation formed on US 30 followed by a break in the neckline and then a rising flag formation which broke below.
MAs consolidating
RSI<50 test 200MA
America is showing conflicting signals as the price is currently consolidating followed by the confusion with the banking crises.
I guess price action is showing downside to come.
Target 30,489

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Timon Rossolimos
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(Pro trader since 2003)

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