DJ30 – Approaching Supply Zone (Resistance) – Potential Bearish Butterfly

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The The Dow Jones Industrial Average is approach a supply level (resistance).  The zone also coincides with a potential bearish butterfly if it were to form.  We’ve been on a bullish run since mid November 2011.  Look at price action when/if price reaches the PRZ before opening any positions.
This entry was posted in Butterfly, DJX, Fibonacci, Harmonic Pattern, Indices, Misc. Setups, Support (Demand) - Resistance (Supply) and tagged , , , , , . Bookmark the permalink.

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