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Dow Jones Forms Pin Bar Off Critical Resistance | Dec 12th

Dow Jones Index
Over the last month, the Dow Jones Index has climbed impressively, gaining almost 800+points. But today it ran into key resistance at 13300, forming a large bearish pin bar after three attempts. This was after helicopter Ben hit the CTRL + P button, so the half life of CB intervention is now down to hours.

I will be looking at any corrective pullbacks into 13150 and 13075 with tight stops above. Clearing above this resistance puts the yearly highs at 13600 which certainly has sell orders parked there, while bulls can use this upside break to target this yearly resistance.

bearish pin bar price action dow jones 2ndskiesforex.com dec 12th

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