Yesterday's first day reversal had no follow through on the downside
Trade the levels as shown in the 5-day pattern"
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DOW Weekly and 5-day pattern
Weekly highs resistance and reversal pattern confirmed with price trading below 10459 (yellow)
Initial reversal target is the 5-day 50% level @ 10360.
As often seen, ‘no control’ daily bars (circled) can often lead into daily reversal bars the following day, which was part of a 2nd day reversal after a change in the 3-day cycle.
Confirmed with a cross-over of the Yellow filter back down into the 5-day 50% level, which matches the original 3-day high breakout.
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