Cabana Capitals Blog Technical Analysis Possible breach of resistance level by DOW 30

Possible breach of resistance level by DOW 30

Possible breach of resistance level by DOW 30 post thumbnail image

An emerging Rising Wedge has been detected on DOW 30 on the 4 hour chart. There is a possible move towards 42516.5800 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

Supported by Upward sloping Moving Average

Target: 42516.58 Entry: 42029.86 Stop: 41446.22

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