CURRENCYCOM:US30   Dow Jones Industrial Average Index
Welcome to 21FX Traders. Looking at US30 we can see clean price action and the trend being respected. We can also see what could possibly be an Inverse Head and Shoulders forming where the price is now approaching the neckline. A break here could result in higher pricing. Lets wait and see how the price reacts before we make our next move.

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Comments

Isn't an Inversed Head and Shoulders only valid when formed in a downtrend?
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Academy21FX RamonaLehadus
@RamonaLehadus, Its most effective at the at the lows. Neckline is important.
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