Dow Jones – familiar pattern could propel Dow to over 12,000 | Technical Analysis | Stock Indices


A similar-looking pattern suggests a lot of upside, especially if it finds support at the W-pivot and both EMAs. Please ignore the volume, it’s not working right for this index. Based on the length of this pattern, we could be seeing upside moves of beyond 12,000. Be ready to start buying!

Would you like to learn more about trading & investing?

Check out our practical trading video tutorials and join our free trading signals to get started immediately!

About the author

Spencer is an avid globetrotter who has been trading, travelling & teaching across 50+ countries, making his first million at 28 and amassing over 300k followers worldwide. As a former professional in private equity and proprietary funds, he has over 10 years of market experience, and has been featured on more than 20 occasions in the media.

 

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply