DOW 30 was identified at around 46395.84 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 46237.7956 level.
DOW 30 is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
