This is an update for US30 depending on the last trends. This is an update with the channel trading way.
- It's possible that Dow Jones will hit the channel lines and over with increasing trend first - but it's more about the confirmation and time frame also, a small time frame increase can happen before the breakdown trend.
Dow Jones is still into the breakdown trend - there is still no green trend activated - also on the channel we see that dow jones is still into the breakdown trend. that would be in some times better - as the trend volume needs further action.
In most cases, the breakdown trends and uptrends start difference. from history when whales want breakdown markets - they pump the markets further on the low time frame, after that there will be a new volume that will breakdown - and this exactly also for the uptrend.
And depending on TA - Dow Jones is also still into breakdown trend. (maintained) Coming times are important for dow jones - if it makes the changes that we expect could happen - BTC will have also a chance.
Channel trading is at a low time frame - and TA gives more data.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.