An emerging Rising Wedge has been detected on DOW 30 on the 4 hour chart. There is a possible move towards 42516.5800 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
Supported by Upward sloping Moving Average
Target: 42516.58 Entry: 42029.86 Stop: 41446.22
The breakout of FTSE 100 through the 8267.0996 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists,
DOW 30 is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch
This trade setup on DOW 30 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer