Chart Patterns & Algorithmic Trader (May 27, '19) (20)
$INDU Megaphone Pattern
s
Reviewed in CPAT 4/8/19
$INDU (Daily) is trading in a Megaphone pattern. MegaPhone patterns tend
to reverse their price trends in 5 swings from upper and lower trendlines
until they breakout or breakdown. Price is trading above 200-SMA and mid
MP level, on any pullback conditions, these levels could act as support.
www.surinotes.com