Dow Outlook – Bullish break from Flag formation
Resistance – 17,934, 18,000, 18,167
Support – 17,811, 17,710, 17,500
Pattern – Bullish break from flag formation
Support – 17,811, 17,710, 17,500
Pattern – Bullish break from flag formation
- Daily chart shows a bullish break from flag formation, which indicates continuation of rally from February low.
- Daily RSI has also seen a bullish break.
- Consequently, 2016 high of 17,934 stands exposed.
- Bullish invalidation is seen only if prices see a day end closing back inside flag formation.
