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Dow Jones - Textbook trading setup!

Dow Jones Industrial genomsnittsindex (DJ:DJI)  
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DJ:DJI   Dow Jones Industrial genomsnittsindex
Trend Lines Chart Patterns Beyond Technical Analysis dowjonesindustrial tradingsetup trianglebreak indicestrading breakandretest tradingstrategies swingtrading DJI dowjonesanalysis
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trendline chartpattern beyondta dowjonesindustrial tradingsetup trianglebreak indicestrading breakandretest tradingstrategies swingtrading dji dowjonesanalysis
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)
Kommentera:
So far playing out exactly as anticipated on DJI.

Definitely ready for more bearish pressure in the near future:

snapshot
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Keep your long term vision.
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