In our quest to help you “Be The Best That YOU Can Be” we wanted to show you a chart that really fits with what we have been talking about over the last week or two, that being a chart pattern known as 1ST Thrust Down. Hopefully you are all familiar with it by now.

Below is a short term chart of the Dow Industrials in a 7 day 1 minute frequency. As you can see “It’s Got That Look”. All that remains is a break below the Pink Line and it triggers a breakdown of the pattern. A break of that pattern could send this index to a retest of its lows or even lower. The key word is could.

We bring this pattern up to show you that all the patterns we talk about show up in multiple time frames and frequencies.

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It really makes no difference whether you are a day trader, swing trader or investor. It’s all about chart pattern recognition.

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