Dow Jones - Textbook trading setup!

11 thg 4, 2024

Hello Traders and Investors, today I will take a look at the Dow Jones.

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Explanation of my video analysis:

There is one major long term pattern which we have been looking at for a very long time - a rising channel formation. Just a couple of months ago the Dow Jones retested the lower support trendline and created a beautiful triangle breakout while rejecting towards the upside. If we now get a retest of the breakout level which is then acting as support, a major continuation higher is quite likely.

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Keep your long term vision,
Philip (BasicTrading)

30 thg 4, 2024

Ghi chú

So far playing out exactly as anticipated on DJI.

Definitely ready for more bearish pressure in the near future: