US30 Buying at the market

Dow Jones (US30) doji’s highlight indecision as we trade at an all-time high
The weekly chart highlights 2 doji-style candles as we trade close to an all-time high. This time frame highlights a bearish cypher formation known as a Butterfly. This will complete between 38,976 and 39,291. It should be known that it is common practice for the market to focus on the furthest level (39,291).
The intraday chart highlights an Ending Wedge formation. This pattern has a bias to break to the upside. It can also be analysed as a bullish flag or pennant. This formation has a measured move target of 39,277. Bespoke support is located at 38,470.
Conclusion: buying at current levels (38,505), with a stop loss below bespoke support (38.355), with a target level of 39,277 (measured move), offers a risk-reward factor of 5.15R. It should be noted that this anticipated move higher will end the bullish sequence.
Resistance: 38,566 (wedge resistance), 39,277 (measured move), 39,291 (butterfly completion)
Support: 38,470 (bespoke), 38,020 (swing low), 37,410 (bespoke)