More inverted scallops

Dow Jones Global Index respected the new support level at 316/320, confirming another advance. Follow-through above 325 would complete an inverted scallop (or inverted fish hook) with a target of 345*. Momentum troughs above zero flag trend strength.

DJ Global Index

* Target calculation: 315 + ( 325 – 295 ) = 345.
Note this is more conservative than Thomas Bulkowski’s target which is calculated 325 + ( 325 – 295 ) = 355

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