Dow Jones/US30 Part 3
Daily:
- confusing yes, 3wedges converging on one chart...
- blue lines are from the weekly timeframe
- black lines from the daily
- purple line can be seen clearer on 4H
- if what I've said on the weekly is true, the blue trendline will hold
up, considering how well it lines up with the daily's wedge and with
how bullish the monthly candle ended, we can probably see one more push upwards
- the news may be grim and economists may be terrified but the
overall trend is still technically bullish
- confusing yes, 3wedges converging on one chart...
- blue lines are from the weekly timeframe
- black lines from the daily
- purple line can be seen clearer on 4H
- if what I've said on the weekly is true, the blue trendline will hold
up, considering how well it lines up with the daily's wedge and with
how bullish the monthly candle ended, we can probably see one more push upwards
- the news may be grim and economists may be terrified but the
overall trend is still technically bullish
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