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Dow Jones Index (US30): Bullish Reversal 📈

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CURRENCYCOM:US30   None
Double Top or Bottom Supply and Demand Support and Resistance US30 indexes dowjones nasdaq trading S&P 500 (SPX500) S&P 500 E-Mini Futures Contains image
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doubletoporbottom supplyanddemand supportandresistance us30 indexes dowjones nasdaq trading spx500 es1! containsimage
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Dow Jones reached an important wide horizontal demand zone on a daily time frame one week ago.
The price started to consolidate on that and formed a double bottom pattern with a higher low.
Today, after the NFP release, the market bounced and set a new local higher high, violating the neckline of the pattern - the last lower high.

It looks like a classic bullish reversal pattern.
The index will most likely keep growing to 33540

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