DOW JONES All patterns pointing to a bullish break-out.
We have seen today's pattern on one of our previous analyses (June 14, see chart below) but on the 1W time-frame:
Today we make some slight modifications as we view it on the short-term 1D time-frame. Dow Jones (DJI) continues to replicate the sequence of February 14 2023 - May 30 2023 and following the latest 1D MA50/100 Bullish Cross, is ready to break above the (bold dashed) Ascending Triangle.
As you can see there is so far high symmetry between the two patterns. The 2023 one made a Higher High following the Triangle break-out on the 1.382 Fibonacci extension from the bottom. It had two identical Bullish Legs since that Low.
As a result, we are targeting at least 41000 on the medium-term, which is tightly located within the 1.382 Fib and a symmetrical +7.50% Bullish Leg.
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Today we make some slight modifications as we view it on the short-term 1D time-frame. Dow Jones (DJI) continues to replicate the sequence of February 14 2023 - May 30 2023 and following the latest 1D MA50/100 Bullish Cross, is ready to break above the (bold dashed) Ascending Triangle.
As you can see there is so far high symmetry between the two patterns. The 2023 one made a Higher High following the Triangle break-out on the 1.382 Fibonacci extension from the bottom. It had two identical Bullish Legs since that Low.
As a result, we are targeting at least 41000 on the medium-term, which is tightly located within the 1.382 Fib and a symmetrical +7.50% Bullish Leg.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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