Below is an annotated Dow Chart as of yesterday's close. I have drawn a red candle similar to what today's candle might look like. It should open very close to or higher than yesterday's high. It should then reverse course, without forming an upper wick (or not enough to count as a point). It could also go way down and then come back up, forming a lower wick.
If it forms a new upper wick today, then what it means will depend on where the market closes. It still looks to me as though they are drawing an "M" just as they did in February, on top of the 123 "W". And of course the 123 "W" is also a bullhead.
