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Dow Price Channel

Published 05/21/2015, 01:50 AM
Updated 07/09/2023, 06:31 AM

Dow Jones Futures Chart

Dow Futures are in the Critical Decision Wave of a Confirmed Price Channel (Red) and Have Already Decided They’re Putting in a Top

Dow futures are in the critical decision wave of a confirmed price channel (red on chart).

The critical decision wave of a price channel is when a price either sets up a breakout into a steeper channel or forms a top.

Dow futures have already broken the bottom of the channel after confirming it and are now crawling up the channel bottom. That means they are forming a top for the channeled move.

Based on the way the Dow is interacting with the price channel, it’s most likely in the head of a head and shoulders top.

Original post

Latest comments

trader moe is calling the top AGAIN....?? You know what that means!!.... BUY!!
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