DJIA Potential Head and Shoulders Clone Within Potential Diamond

Pattern within pattern fornation being created by the DJIA. Immediate support is the pink dotted support zone. A rebound from this pink zone will probably be halted by the blue descending resistance joining the peaks of the diamond top head and the peak of the right shoulder of the potential head and shoulders clone. In the event of an unexpected breakout above this descending resistance the upthrust will encounter next resistance at the light blue dotted zone. If further advance continues a retest of the diamond top head peak may result in a potential double top pattern.

Conversely, further weakness below the pink dotted support zone may find support at the green dotted support zone. A breakdown below this zone will confirm the potential clone head and shoulders pattern and the potential diamond top formation.