Dow Jones eyeing bull flag/support confluenceDow Jones Industrial Average IndexTVC:DJIFPMarketsPrice action on the Dow Jones Industrial Average is in the process of chalking up a potential bullish flag between the all-time high of 52,286 and 51,398. You will also note that the index is forming a rising wedge pattern between 45,057 and 49,717. While the noted patterns offer conflicting signals, the fact that the lower edge of the rising wedge merges with the lower boundary of the bullish flag pattern, and that this market is entrenched within a strong uptrend, suggests that a rebound from the merge point (red circle) could be something dip buyers watch for. Written by FP Markets Chief Market Analyst Aaron Hill