Cabana Capitals Blog Technical Analysis A potential bearish movement on DOW 30

A potential bearish movement on DOW 30

A potential bearish movement on DOW 30 post thumbnail image

A Channel Down pattern was identified on DOW 30 at 41609.79, creating an expectation that it may move to the support line at 41211.0863. It may break through that line and continue the bearish trend or it may reverse from that line.

Supported by Downward sloping Moving Average

Target: 41211.0863 Entry: 41609.79 Stop: 42296.26

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