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heltseriost

US30 positive momentum idea

Long
Dow Jones Industrial Average Index (PEPPERSTONE:US30)  
heltseriost Updated   
PEPPERSTONE:US30   Dow Jones Industrial Average Index
Trend Analysis
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trendanalysis
The price is currently moving in positive territory on daily chart, and on lower time frames the price is could move in a consolidation pattern, like a flag or wedge.

Presumably the price is following this structure and may reach the upper trendline.


- dont follow me, think first -
Comment:
The momentum ran out and the price could not withstand the selling pressure at the last trendline touch
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