Dow Jones - All time high and 20% rally?

Hello Traders and Investors, today I will take a look at the Dow Jones.

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Explanation of my video analysis:

For more than a decade, the Dow Jones has been trading in a rising channel formation. We had the first retest of support and resistance back in 2011 and ever since this was a massively profitable channel pattern. With the recent breakout above the $35.000 resistance level, the Dow Jones clearly looks like the next target is once again the upper resistance of the channel.

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Keep your long term vision,
Philip (BasicTrading)

Note

Channel pattern is still valid and playing out as described.

We might see some choppy markets but the overall trend is clearly higher:

Note

Dow Jones still a lot weaker than the Nasdaq.

Strength continues most of the time, so maybe Nasdaq is the better option?

basictradingtv

Philip - Swing Trader

Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD

#LONGTERMVISION

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Disclaimer

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basictradingtv

Philip - Swing Trader

Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD

#LONGTERMVISION

Also on: