I ended up cancelling my sell orders at 40,056 due to more analysis. I believe price will shoot past that level and head up into the red sell zone at the top of the bear flag.
Exactly where? I don't know. I will keep waiting for this pullback to continue.
Ultimately, I am looking for another counter trend sell down into the grey box area before the next move higher. I am long term bullish on Dow Jones, price target 150,000
The thick Cyan line is 2024's open price and so far, price has been range bound oscillating around this level. I am expecting some ranging below this level as well, down into the grey box.
To me, this looks like a giant accumulation area of buying inside of this huge bull flag in preparation of the next move higher.
Exactly where? I don't know. I will keep waiting for this pullback to continue.
Ultimately, I am looking for another counter trend sell down into the grey box area before the next move higher. I am long term bullish on Dow Jones, price target 150,000
The thick Cyan line is 2024's open price and so far, price has been range bound oscillating around this level. I am expecting some ranging below this level as well, down into the grey box.
To me, this looks like a giant accumulation area of buying inside of this huge bull flag in preparation of the next move higher.
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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.