DOW JONES (US30) Trend Following Setup Explained

Dow Jones Index is currently retesting a recently broken horizontal resistance.

Because the trend in strongly bullish, a buying wave may initiate from the underlined
blue area.

Our confirmation will be a bullish breakout - 4H candle close above a resistance line of a bullish flag pattern.

A bullish continuation will be anticipated to 39080 / 39200 levels then.

If the price drops and sets a new lower low, the setup will become invalid.

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