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Dow - Bearish Break From Triangle Pattern

Daily chart

Dow's bearish break from the triangle pattern coupled with a day end closing below 23.6% Fibo support means the prices could test 38.2% fibo support seen at 17,149. A break lower would expose psychological level of 17,000.

On the other hand, a rebound from 17,233 (200-DMA) would open doors for a re-test of 17,538 (23.6% Fibo level).

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.