Aurum Markets Blog Technical Analysis Should we expect a breakout or a rebound on DOW 30?

Should we expect a breakout or a rebound on DOW 30?

Should we expect a breakout or a rebound on DOW 30? post thumbnail image

Emerging Channel Down 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 44454.24 and it is expected to move to 44680.6311.

Supported by Upward sloping Moving Average

Target: 44680.6311 Entry: 44454.24 Stop: 44093.85

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