DJT
Dow jone tranportation average index is in parallel channel from 1971.
Since then it has tested lower elbow only 2 time. It look, lower elbow may be tested third time and expect sideway movement before making fresh up move.
Don't act without analyzing one price test the lower elbow.
Another scenario could be that it is just the retest of the Breakout happened earlier.
Since then it has tested lower elbow only 2 time. It look, lower elbow may be tested third time and expect sideway movement before making fresh up move.
Don't act without analyzing one price test the lower elbow.
Another scenario could be that it is just the retest of the Breakout happened earlier.
Trade active
as posted at 12129 and low made 11946
since then it made high of 18246 and is going to rise more
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.