Dow thoughts3 Oct 2018 21:09
This is the Basil Brush chart, the second boom line date from when the blue 1 breakout confirmed. Heres the theory. If the channel it is in now, green support, red resistance fails to break the resistance the second boom line comes into play and becomes the support in an ascending wedge which if it breaks down gives an effective double top and a proper correction on the cards.
Alternatively the boom boom are mirrors of same duration , channel is broken out of and I have to draw another steeper one giving a 30K target before a blow off like January this year.
Look how relatively constant volume is compared to the volatile period...hmmmm
https://ibb.co/cm0hWz