Dow Jones 2015-12-22
Dow Jones
17116
Market is seen to have travelled and the target for D point at the 17055 area.
Market does look like it favors a trend corrective move upwards before making a trend continuation move downwards probably beyond the D point.
The above shown geometric pattern signals a probable rise of prices upon the completion of the patterns at D due to a prospective ABCD pattern pointing at the 17201 as the shortest term target.
Support | Resistence | |
Level 1 | 17116 | 17184 |
Level 2 | 17079 | 17262 |
Level 3 | 17055 | 17311 |