- The index is testing the resistance line of the rising wedge.
- Daily candle should break out and close above the resistance line for bullishness to continue.
- Rising wedge of dow jones futures in 4 hour chart.
- The pattern is approaching its apex. It will give a direction when the range 10360-10600 breaks.
- A good move on either direction is possible. But since it is a rising wedge a break out of 10600 should be traded with caution.
- Break of 10360 should give a good selling opportunity for the bears.