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Dow Jones Industrial Average Index
Long

US30 long

By kingmwenja
Here is why;
Weekly

  • Price broke beneath 40,000 resistance level and price has not retested that level.
  • We see that there is a lot of bullish momentum that has been picked up from 38,500 due to last week's candlestick closure
  • Everything is pointing towards price going to test 40,000

snapshot
Daily

  • We see that price too a lot of buy orders from 38,500.
  • Price broke and retested 39,300 region three times before finally heading northwards
  • The next target is 40,000

snapshot
4 hour

  • Price today has closed above 39,720 and I expect for price to test the region before heading upwards.
  • However, for now it is not clear what price will do, so it is best I just sit on my hands.

snapshot
Chart PatternsTrend AnalysisUS30us30analysisus30long
kingmwenja

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