The recent US30 pullback was caused by the new covid variant however, the Dow is performing well above all odds. We have recently spotted an AB=CD analyzed and believe that it will complete it by hitting our TP level set in the previous analysis making this a confirmation of what we had already analyzed.
What does stand out is that we now have a narrowed channel that bounced off our newly formed trendline confirming our rising wedge pattern, keeping us abreast of its new support and resistance.
As mentioned on our latest US100 analysis, it's time for US indices to grow.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
What does stand out is that we now have a narrowed channel that bounced off our newly formed trendline confirming our rising wedge pattern, keeping us abreast of its new support and resistance.
As mentioned on our latest US100 analysis, it's time for US indices to grow.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Trade closed manually:
Took profit
