Aurum Markets Blog Technical Analysis DOW 30 approaching resistance of a Rising Wedge

DOW 30 approaching resistance of a Rising Wedge

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Emerging Rising Wedge detected on DOW 30 – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 39842.97 and it is expected to move to 42097.5200.

Supported by Upward sloping Moving Average

Target: 42097.52 Entry: 39842.97 Stop: 38443.1

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