Attached herewith DOW hourly chart...
You can see that, it pierced the top trend line but fell back into the Chart Pattern, and seen dropping further down.
In case it breaks down below BT, it could be a day of panic, as the immediate support is seen below the psychological level of 10000. That is at 9973
Even if the breakdown does not occur, the possibility is of a negative day.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
