Head & Shoulders - INDU

Discussion in 'Trading' started by Candlestick Man, Nov 30, 2010.

  1. Here's an interesting look at the INDU from a long term perspective,
    strictly from a ( Japanese Candlestick ) technical point of view with a Quarterly time-frame.

    What this chart reveals is a massive Head & Shoulders pattern that looks to have a sell-off to complete. This chart is technically very true in the sense that direction flows gently with the longer term quarterly viewpoint.

    I'd expect the INDU to complete this pattern and form a somewhat sharp right shoulder downward.

    Form your own opinions


    Candlestick Man