DOW JONES The bottom isn't in yet.

Dow Jones may be trading inside a long term Channel Up but the medium term pattern is a Bearish Megaphone.

The last Bottom of the Channel Up was closer to the 1week MA200, this time the MA level is even closer, a strong candidate for a bottom.

The previous correction leg made a -10.15% extension, a new one of this size meets almost perfectly the bottom of the Channel Up and a little over the 1week MA200.

Sell to 32400 then reverse to buying and target 33600 (1week MA50).

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