The candlestick reversal pair consisting if a hammer followed by an inverted hammer has been confirmed by a bullish marubozu candlestick bar. This rally can only be sustained if the DJIA breaks above and remain above the 200EMA and 200SMA. High chance of challenging the green resistance of the potential diamond pattern if this rally is maintained.
Stay alert and monitor the critical red support of this potential diamond formation. Support failure here will confirm the bearish diamond top and will probably result in a long term bear market.
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