Dow Jones Weekly Update for Aug 3rd to 7th
Chart pattern: Inverted head and shoulder
Breakout level: 35600
Dow Jone Weekly update points to a bullish view with an inverted head and shoulder pattern giving a breakout at 35600.
If the breakout sustains then we may see the Dow Jones index reaching towards to 36950 and eventually 40000 in a few weeks’ time.
33652 support level remains intact for the week. A range of 34800 to 35500 may be seen.
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Disclaimer: This analysis is purely for educational purposes and does not contain any recommendations. Please consult your financial advisor before making any financial decision.