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The Dow Jones is fighting upwards, forming a giant wedge as it does so. This means that it is losing power as it pushes higher. After the breakout on Tuesday which crossed the key 12,300 level, we have seen two days of hesitation in the form of two long-legged dojis (today’s doji is not shown), but they have managed to stay above 12,300. Looking at the slope of the wedge, there is a good chance it will be able to test the old high of 12930.
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After making my first million at 28, and trading & teaching across 60+ countries, I have consolidated my knowledge and experience to create the most comprehensive & practical guides for profitable trading, compiled from thousands of books, websites, courses, and interviews with professionals.
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