DOW JONES: Inverse Head and Shoulders possible

Dow Jones may be close at completing an Inverse Head and Shoulders pattern while being bullish both on the 4H (RSI = 60.932, MACD = 165.930, ADX = 34.060) and the 1D timeframes. A pullback to 32,800 and then rebound would confirm that. Even without it, we are ready to buy the breakout above the Channel Down, targeting the bottom of the R1 Zone (TP = 34,350).

If the Inverse Head and Shoulders is indeed confirmed, we will target R3 and Fibonacci 2.0 by late May (TP = 35,900).


Prior idea:


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