DOW 30 is heading towards the support line of a Triangle and could reach this point within the next 20 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 Triangle on the 4 hour chart. Retest of support in sight.
