DJI 18 Jul- Weekly R1 hit.
DOW JONES INDUSTRIAL AVERAGE DJ:DJI
The long trade from the break of the diamond pattern has met its target. This weeks early price action has ground up deeper into the target zone, and is now met with WR1 and DR1 resistance. As per the end of last week, R/R is now firmly in the profit taking area, leaving a runner if desired. QT is due which will time well with a move to lower pivots . However a reversal pattern is needed to confirm. Currently flat.