$DJIA -Awaiting Apex's End (break-out)

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- DJIA has managed to raise up in price for three consecutive days.
Resulting a break-out from Neutral Triangle Pattern,
aswell Shifting Character from it's most nearest high

1:17 Risk -to- Reward Ratio call given inside on break-out day.


17% gains to be met overtime as long uptrend resumes on Market Structure.
This is very well co-dependent on whatt DXY will perform through the next interest rate hikes decision to be made.

Back to DJIA,
worth mentioning aswell is that DJT (Dow Jones Transportation Index) has exploded +50%.
Usually these types of impulsive moves of DJT smell trouble for DJIA in the short term, but strong in fundementally speaking, as long price rises with DJT
.
(some sort of correction can be anticipated from the recent price action)
Safest Buy-in from here ;
re-test of broken CHoCH and Triangle's ceiling)



TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research before partaking on any trading activity based solely
on this Idea

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ملاحظة

٢٦ يوليو ٢٠٢٣

ملاحظة

DJIA managed to close yesterday its 12 Consecutive Green Daily Candlestick print.
Today comes the next Rate Hikes Decision after a Month of Breath.
Expectations at 0.25bsp increase.

Might be the first *Daily Candlestick today for DJIA.
A pullback to breakout + 20EMA (*D) would be very healthy for uptred resumption.

TRADE SAFE