During last 1year, many times DOW has failed to stay above 13300 and now it is again trying that level. This time I think the chance is more especially considering the higher lows but this is one positive point and not any guarantee.
If DOW fails to break 13300 then there is a risk that it may drop from this level. Since DOW is making higher lows (or closing) so even if DOW drops from this level, that drop may remain limited. Levels around 12900 may act as a good support for DOW in the downside. The chance of further drop will be still there but I will be talking about the bearish pattern when DOW tests level around 12500.
NOTE: Please see the disclaimer of this blog.