Dow Jones Industrial Average – SELL pattern complete

DJIA Intraday Sell pattern

the markets reaction in/around this level will give us a heads up for the next directional opinion (IMHO)

4 Comments on “Dow Jones Industrial Average – SELL pattern complete

  1. Bart, It would be helpful if you would put a date on your post. It is difficult for me to find the date of your chart. thanks, MW

  2. Hi Bart, There is a similar measured move setup from the low in 20 jan 2016 to yesterdays close (I am in Australia) on the INDU daily timeframe. We need to get to 16554 to complete the measured move if my fib retracement cal is correct. I notice the BC leg retracement was more than 0.618 so there was more selling taking place. Should I read anything into this in terms of the reaction to price when the measured move target is hit ? Any thoughts. Cheers Anthony

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