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Dow Jones Index (US30): Consolidation & Indecision 📈

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Hey traders,

US30 is contracting within a descending triangle formation.
It looks like the market participants are waiting for some fundamental trigger.

If the price breaks the resistance of a triangle, a bullish continuation will be expected.
If the price breaks its support, then the market will most likely drop.

Be patient and wait for a breakout.

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Check my new idea on SPY:
S&P500 Index (SPY) Important Breakout & Bearish Outlook 📈
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dowjonesEconomic CyclesElliott WaveS&P 500 E-Mini FuturesFundamental AnalysisS&P 500 (SPX500)tradingUS30

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dowjonesEconomic CyclesElliott WaveS&P 500 E-Mini FuturesFundamental AnalysisS&P 500 (SPX500)tradingUS30
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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.