DOW JONES (US30) Trend Following Setup Explained

BLACKBULL:US30   Dow Jones Industrial Average Index

Dow Jones Index is currently retesting a recently broken horizontal resistance.

Because the trend in strongly bullish, a buying wave may initiate from the underlined
blue area.

Our confirmation will be a bullish breakout - 4H candle close above a resistance line of a bullish flag pattern.

A bullish continuation will be anticipated to 39080 / 39200 levels then.

If the price drops and sets a new lower low, the setup will become invalid.

❤️Please, support my work with like, thank you!❤️

✅Join My Telegram Channel:

❗️YouTube Channel

💰Instagram: 💰


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.