The Dow Jones futures are in a classic TPS (Trend / Pattern / Squeeze) set up.
This pattern set up is a powerful & probable signal for a continuation of the previous trend, in this case which was up.
As price consolidates here under the recent high, more energy is being built up for the next move higher.
The squeeze indicator checks the volatility contraction.
Efficient price target is the 1.272 extension from the recent high/low swing.
Max price target is the 1.618 extension from the recent high/low swing.
This pattern set up is a powerful & probable signal for a continuation of the previous trend, in this case which was up.
As price consolidates here under the recent high, more energy is being built up for the next move higher.
The squeeze indicator checks the volatility contraction.
Efficient price target is the 1.272 extension from the recent high/low swing.
Max price target is the 1.618 extension from the recent high/low swing.