DJIA 0.31% 26,683 dow jones industrials

Rising Wedge Bull Trap?

  1. 653 Posts.
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    Starting to see a rising wedge pattern forming in my many charts....

    ASX

    https://hotcopper.com.au/data/attachments/2101/2101807-01f902084a1f06c96b458361a8c813d9.jpg

    Dow
    https://hotcopper.com.au/data/attachments/2101/2101821-556021ee70f826e1d1d218c4fd84a483.jpg

    Rising wedge Pattern:

    https://hotcopper.com.au/data/attachments/2101/2101822-df9adaeed0c316a943d31807c3081b37.jpg

    Usually at the tops it ends on good news (the Dow futures are up 900 points), and the good news is, 'we have a corona cure'.

    So the million $ question is which way are the markets heading?

 
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