Hello guys, For DowJones index, It has broken out from this rising wedge after a long consolidation period, the upper trend line of the wedge has acted as strong resistance previously, it is broken and now it is expected to act as new strong support. the market is pulling back right now and we should watch for price action at this trend line, it may gives us some good setup for swing trading. the target is measured by the height of the wedge.
Not a financial advice, Good Luck and be careful!
Not a financial advice, Good Luck and be careful!