- Dow Jones has entered the crucial resistance area.
- Bearish View shows a possible Triple top pattern with indicator entering overbought zone, Problem here for bears is that the indicator is yet to exhaust So it should be a sudden reversal here, If price starts to hang around here it should lead to more upsides.
- Bullish view shows a 1000 Points Double Bottom pattern which is yet to confirm. Closing above this resistance zone may confirm this pattern.
- TESLA Weekly Chart analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
October 30, 2013
Dow Jones Analysis after closing bell
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