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Dow

1 Dec 2016 ‚óŹ 05:23 AM

The Dow formed an inverted Hammer candlestick today. Prices are very close to the upper wedge trendline but as daily momentum has rolled over to a sell we should pay attention to it. We can draw trendlines around the recent moves, it is not a wedge but a break down from it should further mean that the next major leg down has started. The fall should test the lower wedge line of the 6 month pattern near 18130.

dow-011216

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