Dow Jones - Textbook trading setup!

11 Nis 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 Nis 2024

Not

So far playing out exactly as anticipated on DJI.

Definitely ready for more bearish pressure in the near future: