Cabana Capitals Blog Technical Analysis DOW 30 – Continuation Chart Pattern – Rising Wedge

DOW 30 – Continuation Chart Pattern – Rising Wedge

DOW 30 – Continuation Chart Pattern – Rising Wedge post thumbnail image

DOW 30 is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If DOW 30 continues in its current trajectory, we could see it reach 39286.5876 within the next 3 days.

Supported by Upward sloping Moving Average

Target: 39286.5876 Entry: 38963.13 Stop: 38778.87

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