DOW coming into the last 2 hours of trading, and it's following a 'top-to-bottom' trading week...Friday's trading was about first coming down testing 12184... (2-day SD Channel)
Price moved upwards from 12184 it's primary range of 95 points, before reversing back down following the Weekly Bar of closing on it's lows (top-to-bottom)
1 bar up, 2x 95 bars down, and 1x 95 bar upwards.....Even though price is re-testing the Weekly .618 @ 12109 and is currently supporting it, whilst price is trading below the 2-day SD channel, trading longs are open to risk. Because a break of 12109 and easily move much lower into Friday's close.
Full Weekly report Later....
Weekly levels will be important next week because of the expectation of price consolidating around Quarterly Lows..... (Major Support), and February 50% level (Resistance)
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