nickc2122

1HR Dow Jones Stimulus Movement?

Long
CURRENCYCOM:US30   Indice Dow Jones Industriel Moyen
Looks like Dow Jones broke to the upside of the rising wedge from March 2020 also confirmed it as support after breaking out. We are in an ascending channel which is shown by the blue trend lines. I would be of caution if we stay in the bottom part of the channel. This might indicate that we will fall out of this channel and might be due for a correction.

Indicators:

EMA Ribbons
RSI

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