DOW: BULLISH FLAG AFTER BREAKOUT
The Dow index has formed a bullish flag pattern after breakout of 28th Dec 2021 diagonal resistance and 1D MA 200. But a horizontal resistance and supply zones are close. These can initiate a retest of the demand zone below the dynamic and horizontal resistances. A buy setup can be scouted here. And if the flag breakout is successful from here, a buy setup can be looked for after these hurdles.
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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.