This Analysis of DJI is not a trade recommendation, this study is purely for education purpose only, Do your own Study and Research before getting into any trades.

On analyzing the daily chart of DJI it is observed that whenever a Head & Shoulder pattern was formed, index gone through a breakdown most of the time.

This time also the pattern it forming is somewhat like a Head & Shoulder Pattern.

So what will happen next will be much interesting to observe.

Is a breakdown ahead? or not?

Will history be repeated? or not?

Lets wait and watch...
Not
nicely took support at Support level 2
Not
Support no. 2 breakdown.
Not
all targets S1, S2 and S3 achieved.

more weakness may be expected in upcoming days.
Bearish PatternsbreakdownChart Patternsdjianalysisdow30analysisdowjoneshead_and_shoulderHead and Shoulders

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