
Dow Jones Industrial Cash Index forum

A narrow channel has been created with three Swing Highs (at 41,134, 41,169, and 41,231) and a Swing Low at 40,970. So, there needs to be a breakout from this.
Typically, one of three M-shaped patterns forms around a Swing High area where the candles are converging. If this pattern is truly what's forming, then the 4th leg of the "M" is oftentimes a long bearish trend.

does anyone know ??


doiing bar wickery today ??
hmm mmmmmmm

Just spotted a Double Inside Day on the 4-Hour timeframe. That means a BIG move is coming, either sometime this New York session or during the After Hours. The move will look exceptional on the lower timeframes.

Looking at the 4-Hour that is in Neutral (directional) Market Bias, the candles are still consolidating within a tall Inside Day pattern. Breakout from this can either be at the pattern's high at 41,231 or low at 40,732. This really is a Scalper's Delight.
If there's a false breakout from the Inside Day pattern, the candles will keep consolidating from end-to-end until that happens, making them highly profitable moves.
