Rising Wedge

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Chris Borowik
Chris Borowik published an idea on DOWJONES30, D1
6 months ago

Dow Jones Industrial Average Index has been rising through November and has established new All-Time High. Recent gains have less power – distance between next lows and next highs are smaller and smaller. This makes shape similar to Rising Wedge pattern. This pattern has greater possibility to break through bottom line. On the other hand if breakout would be done through top line, it indicates, that upward move is strong and has big potential.

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