DOW 30 is heading towards the support line of a Falling Wedge and could reach this point within the next 9 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
DOW 30 formed a Falling Wedge on the 15 Minutes chart. Retest of support in sight.
