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Resistance is ahead! Can the Dow Jones make a break through?
Dow Jones Industrial genomsnittsindex
Lång
Resistance is ahead! Can the Dow Jones make a break through?
By NaranjCapital
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20 aug.
4
Heja
Heja
20 aug.
The index is clearly demonstrating a strong upward trend, consistently achieving higher highs and higher lows.
During this upward movement, it previously established a bullish Pole & Flag pattern, and after breaking out, the index has continued to rise.
At present, the index is trading just beneath its next resistance level.
If the Dow Jones manage to break through and hold above this breakout point, it is likely to initiate a new rally.
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