Potential Head and Shoulders Pattern on DJI - Bearish Outlook?

31 Ara 2024

The Dow Jones Industrial Average (DJI) appears to be forming a classic head and shoulders pattern within an ascending channel. The left shoulder, head, and right shoulder are clearly marked, with the neckline drawn slightly below the current price level. A breakdown below the neckline could signal a bearish move. However, a breakout above the right shoulder could invalidate the bullish bias, leading to a potential continuation of the upward trend.