The descending trendline area indicated a retracement area. Once trendline was broken, retracement was done and going to make a new high. When measuring for take profit, we take the -0.382 Fibonacci from the retracement, which indicates a target of 2500 approximately.
Head and shoulder on hourly, and as well looking to Fibonacci the left shoulder is 50% of the head and the right shoulder is about 23% approximately. Sell now or when it breaks the neckline. Stop loss just above the right shoulder, which is still forming maybe. The pattern is perfect on this chart.
The dow jones is currently playing out an inverted head and shoulders on the monthly chart. This is unusual pattern as an inverted head and shoulders usually happens at the bottom of a down trend, not uptrend. But the pattern is in perfect shape. Direction is unclear at the moment.