BROADENING BOTTOM
FALLING WEDGE
MOVING AVERAGE
- Dow jones has formed multiple patterns in daily chart.
- The broadening bottom pattern is shown in daily chart.
- There is a falling wedge pattern which has given very good returns.
- Then the moving average is not hinting anything. Having captured the 200 day moving average the price did not follow up. It has been a sideways market for the last 4 days as far as the closing prices are concerned.
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