Dow Jones (US30): Bullish Move From Key Level Explained
https://www.tradingview.com/x/FlGgBT0V/
Dow Jones Index is trading in a bullish trend.
After the price set a new higher high on a daily, it retraced to a key daily structure support.
A doji candle was formed on that.
Analyzing a 4H time frame, we can spot a confirmed bullish breakout of a resistance line of a falling channel and an inverted h&s pattern formation with a violated neckline.
These bullish clues make me think that the price may bounce.
Goals will be 34820 / 35050
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Dow Jones Index is trading in a bullish trend.
After the price set a new higher high on a daily, it retraced to a key daily structure support.
A doji candle was formed on that.
Analyzing a 4H time frame, we can spot a confirmed bullish breakout of a resistance line of a falling channel and an inverted h&s pattern formation with a violated neckline.
These bullish clues make me think that the price may bounce.
Goals will be 34820 / 35050
❤️Please, support my work with like, thank you!❤️
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