Price is in channel now, may will do fake breakout downward to form double bottom (W) reversal and bouncing off the trendline is where i have my buy limit with low risk. You can clearly see price is in channel and repsecting the trends.
This trade isnt 100% accurate which is why i am trading with low risk.
Dow Jones has started a strong uptrend since hitting the 394.09 level. The ascending triangle pattern indicates a possible push higher if resistance is broken in the 445.90 area. This level is also where the 200MA is also looking to be tested. If price closes above the resistance and the 200MA there could be a continuation of the uptrend.
I was asked to analysis on this index by a great folloer.
I try my best to analysis on it.
As long as price stand beyond FIBO 0.75,
we will consider DE30 has a final impulse to touch FIBO 1.27 521.23.
Less is more!