Cabana Capitals Blog Technical Analysis Possible breach of resistance level by DOW 30

Possible breach of resistance level by DOW 30

Possible breach of resistance level by DOW 30 post thumbnail image

An emerging Channel Up has been detected on DOW 30 on the 1 hour chart. There is a possible move towards 41946.7490 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: 41946.749 Entry: 41523.55 Stop: 41120.26

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