Dow Jones Head And Shoulder Pattern Formation

Here's a quick update on the Dow Jones Index. Perfect Head & Shoulder Pattern has been made. Price has started making a lower low and lower high, indicating the start of a downtrend. Currently, the price is at a very strong support area between 29000-28900. If the price breaks this area with order flow confirmation, we can expect the 1st target of 28600 and then the 2nd target of 28100. On the upside, the resistance area being 29500-29400.

Below is the chart for your reference.

(Click on image to enlarge)