From the above chart of Dow Jones, we are clearly able to see the prices were moving in a triangular pattern on 28 January prices have broken down from the triangular pattern, which is a very dangerous sign. Earlier the prices took support @ 38.2 retracement from the lows of 15855 to the highs of 18103. Target pattern of this comes out @ High of the Triangle pattern- Low of the Triangle pattern, 18103-17067=1036. 16200 is a possible target on Dow Jones in a couple of days. RSI confirms the breakdown of the price as it was also moving in tandem with the price, making a triangle pattern. Shorts should be accumulated for targets of 16200-16300.
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