Using Dow Theory I identified that Market in an early Bullish Trend making new HHs & HLs. Possibility of continuation of Bullish Trend due to breakout of Bullish Pennant Pattern.
Confluence Points:
1) Bullish Penant Brakout
2) New HH & HL
3) Strong & Multiple Bullish Candles At Breakout
4) Resistance Broken
Thank You!
Confluence Points:
1) Bullish Penant Brakout
2) New HH & HL
3) Strong & Multiple Bullish Candles At Breakout
4) Resistance Broken
Thank You!
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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.