the daily chartist

DJI30 charts something Bullish

published 1 year ago
DJI30 Daily

 The Dow Jones Industrial has been shaky recently almost since Trump got into power. Nevertheless, it has risen to new highs and keeps the interest of the investors. On the daily chart, it's been charting a Bullish triangle (yes it's triangle season) as it has stayed above the level 50 Fibo and it is climbing more and more to the top red line of the formation. There it will be crucial for the price to breach the line, successfully test it again so that you can calmly place your long position and take part in the renewed rally towards 26750. Also as you can see, on the junction points on the tops and bottom there were quite a lot of fake breakouts so be careful when entering the market on the first impression. Good SL level will be under the level 50 Fibo. The price still needs to push up towards the 61.8 was the last time it failed and Bears swept through the market without even blinking their eye.