To provide a long term perspective on the Dow, the following charts include an ascending broadening wedge and inverse Dow product with a falling wedge (reversal) structure. In the case of an ascending broadening wedge, it is not clear if a peak is near. Looking at the inverse, a falling wedge is nearing completion providing an expectation of a decline in 2022. Note this research is for information only and is not a recommendation for the use of any inverse products.
Charts courtesy of StockCharts.com.
Ascending Broadening Wedge
Falling Wedge (Reversal)
