The DJIA is trending nicely within this rising channel and so long as it stays within, there will be many short term trading opportunities as one can spot easily the highs and lows.
For now, I see a potential pullback forming a right shoulder of the H&S pattern before it continues its way up again.
For now, I see a potential pullback forming a right shoulder of the H&S pattern before it continues its way up again.
Comment:
price action appears toppish and bulls are tired. likely a pullback going to happen soon.....ideally stay above 30800 else it will falls back into the channel
It does not pull back as I think it will be and went beyond the upper channel...