Short
DOW JONES 05/04/2021
Although there is a ruling long trend, we've had a strong upward movement and the price started retracing when hitting the (long) trend-channel's top. So in the short term I suppose the price will retrace down to the lower trendline, possibly in combination with the blue zone. That's where you can try to buy yourself into the market. Before this can happen, the price needs to turn down again and it could probably bounce off the pink zone. If it doesn't bounce off there, I will rethink the setup.
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Disclaimer
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.