DIA breakout guess

١٠ فبراير ٢٠٢٣

DIA is in a coil (triangle pattern) after a big push up. After such great momentum upward, this looks like a good pennant pattern for a break up to eventually test the January 2022 highs. If you check the SPY it might also be in a flag pattern for a potential break up as well. Or it might be turning over. At any rate, I plan to wait for a break and plant stops accordingly in case of a head fake.