The Dow has begun to show weakness in reflection of a Rising Wedge formation.
The Dow has begun to show weakness in reflection of a Rising Wedge formation.
As we see in the chart, the market is facing resistance around 46125-225, and if prices remain below it, more of a drop towards 45600 and 44925 will be expected.
Above 46225, more advanced to re-test the resistance zone of 46450-700 could hit the market.
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