My favorite chart has once again become interesting

For a long time the movements were slow and hesitant but now the Dow Jones is showing signs of life again. The volatility is back and provides a good price range. A high price range is important for movement trading.

What's new on the PG front?

The last PG on the hourly chart was some time ago and more importantly it has not been completed yet. Unfortunately, no new signal has emerged since then, so that new entries would be justified. The next target on the downside would be the trigger of the daily PG. A retracement to this mark is likely but everything would still look very bullish.

If you zoom out the chart a bit, you can see an intact upward trend. This trend is very far in the movement but it is active. If we break the first low in the chart, then a rocket could start.

The megaphone formation was still there. A year ago I already said that this formation is bad. One characteristic is higher highs and lower lows, this is a nightmare for trend traders. Some time ago, yes the top of the megaphone was left. The bulls have no choice but to continue buying. If we break below the upper trend line again, then it will be exciting.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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I am not a financial advisor
nor is any content in this article presented
as financial advice. Never invest more
than what you can afford to lose.
This post is my personal opinion,
do your own research before making any investment decisions.
If you make any trades after reading this post,
it is completely in your responsibility.
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Dow Jones and the next important steps in the chart

My favorite chart has once again become interesting

For a long time the movements were slow and hesitant but now the Dow Jones is showing signs of life again. The volatility is back and provides a good price range. A high price range is important for movement trading.

What's new on the PG front?

If you zoom out the chart a bit, you can see an intact upward trend. This trend is very far in the movement but it is active. If we break the first low in the chart, then a rocket could start.