
Dow Jones Industrial Average Index forum

US30 Mind Update 📈
Buy entry at 43,498 is now running over over 460 pips, with a price reaching 43,966.6
Structure remains bullish, and we’re still on track to test New All-Time Highs.
Market is closed, but the move played out exactly as planned watching next session for continuation.
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Trade safe and stay disciplined!

The Hourly may be making an M-shaped pattern. Watch for that.
You can see on the chart the neckline of the "M" that's around 43,577.
As for the last leg of the "M", it would be a long, bearish trend. The best two places to trade this pattern is at the height of the 2nd peak and neckline as the bears head down.

There are bots who show up that can be misleading with their analysis and other nasty behaviors.
A bullish candle is likely to form in the new hour as a continuation of the bullish thrust from the Two Bar Reversal pattern.
Watch to see if the bulls can breach the Pivot High of 43,973 (circled in red) with a candle close past that price to go higher. But if the bulls can't, then back down again.
