Timonrosso

Dow Jones showing upside with bullish breakout patterns

Long
CAPITALCOM:US30   Dow Jones Industrial Average Index
There are many bullish breakout patterns in the process.
On a larger scale there is an Inverse Head and Shoulders.
On a smaller scale, there is a Box Formation and a W Formation in the making.
We just need the price to break above and out of the formations, to get our confirmation.
Other indicators confirm including:
7>21>200
RSI>50
Target 36,426

SMC
Sell Side Liquidity is showing below the W Formation where Smart Money comes down and sweeps the selling from the retailers as they buy into it.

NOW WE WAIT!

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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