Dow Inc.Long
DOW: inclining channel pattern at play
A price action above 58.00 supports a bullish trend direction.
Bullish confirmation for a break above 60.00.
The target price is set at 62.00 (at the upper range of the inclining channel pattern).
The stop-loss price is set at 57.00 (at its 38.2% Fibonacci retracement level).
Remains in a well-established inclining channel pattern.
Favourable win/loss ratio applicable.
Bullish confirmation for a break above 60.00.
The target price is set at 62.00 (at the upper range of the inclining channel pattern).
The stop-loss price is set at 57.00 (at its 38.2% Fibonacci retracement level).
Remains in a well-established inclining channel pattern.
Favourable win/loss ratio applicable.
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