I ended up cancelling my sell orders at 40,056 due to more analysis. I believe price will shoot past that level and head up into the red sell zone at the top of the bear flag.
Exactly where? I don't know. I will keep waiting for this pullback to continue.
Ultimately, I am looking for another counter trend sell down into the grey box area before the next move higher. I am long term bullish on Dow Jones, price target 150,000
The thick Cyan line is 2024's open price and so far, price has been range bound oscillating around this level. I am expecting some ranging below this level as well, down into the grey box.
To me, this looks like a giant accumulation area of buying inside of this huge bull flag in preparation of the next move higher.
Exactly where? I don't know. I will keep waiting for this pullback to continue.
Ultimately, I am looking for another counter trend sell down into the grey box area before the next move higher. I am long term bullish on Dow Jones, price target 150,000
The thick Cyan line is 2024's open price and so far, price has been range bound oscillating around this level. I am expecting some ranging below this level as well, down into the grey box.
To me, this looks like a giant accumulation area of buying inside of this huge bull flag in preparation of the next move higher.
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