Timonrosso

US 30 showing mixed signals - Waiting for break either way

CURRENCYCOM:US30   Dow Jones Industrial Average Index
WHICH WAY TO BREAK?
It's up to the market and for us to act accordingly.
There is an ascending Triangle that's clearly forming on the Daily.
And normally, with the higher lows and same highs, the bias is normally up.
If it breaks up the target will most likely hit 40,000.

My issue is the state of the world right now, which is probably wrong to think about as charts are charts.
But many main indices have been rattled with what's been happening (which I mention in many analyses before hand).
Also 21>7 and the price action is just not strong enough to break as of yet.
There are also conflicting signals with Nasdaq and SP500 which lead world indices.

I think my mind has been clouded with unnecessary information which needs to be corrected and humbled by the market.
But if the price breaks below the Ascending Triangle, the target will be 26,652
What do you think up or down?

✅ Facebook:
www.facebook.com/groups/matitrader

🌐Website:
www.timonandmati.com

💰FREE Discord:
discord.gg/c8f37kyv35

Twitter:
twitter.com/timonr

Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer

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.