Hello, Dow has been running in a downtrend channel since September 2021. For once, it broke out of the channel in January 2022 and made an all time high. Though this move couldn't sustain and the price started in the downtrend channel again. Dow looks bullish on close above the channel and a follow through..
If we take another trend line matching the tops from Jan, we find that the price is travelling above the trendline and has already retested the breakout..
If we take another trend line matching the tops from Jan, we find that the price is travelling above the trendline and has already retested the breakout..