A Channel Down pattern was identified on DOW 30 at 41056.46, creating an expectation that it may move to the resistance line at 41131.8723. It may break through that line and continue the bullish trend or it may reverse from that line.
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Breach of 22802.1992 could mean a start of a bullish trend on DAX 40
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DOW 30 experienced a very large 27 days bearish move to 41535.9
DOW 30 has moved lower by 6.77% from 44551.98 to 41535.9 in the last 27 days.
If DOW 30 touches 41586.8711 it may be time to take action.
DOW 30 is moving towards a resistance line. Because we have seen it retrace from this level in…