TheRealPeaches

DOW: Possible Inverse & Shoulders

Long
OANDA:US30USD   US Wall St 30
The Dow appears to be carving an Inverse H&S. The election result still has room to create risk-off knee jerk reactions intraday. I will take advantage of any drops, trading against the low of October 29th.

A daily closing below the spike low of October 11 would somewhat negate the pattern, although I will look to the candle structure before making a trade.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.