October 30, 2013

Dow Jones Analysis after closing bell

  • 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

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