Dow Jones – Setup
In this quick update we will talk about the next most probable short-term targets for Dow Jones.
Classical Pattern – Flag
Dow Jones Industrial Average has most likely invalidated the scenario of an impulsive move to the downside, leaving a leading diagonal as the only remaining bearish alternative, which currently carries lower probability. Given the present structure, the index is more likely in the process of completing a bullish flag, barring a sharp breakdown during the final trading hour.
Flag targets are outlined on the chart, with the ideal objective near 50,300.
Happy Trading!
