DOW: BULLISH FLAG AFTER BREAKOUT
The Dow index has formed a bullish flag pattern after breakout of 28th Dec 2021 diagonal resistance and 1D MA 200. But a horizontal resistance and supply zones are close. These can initiate a retest of the demand zone below the dynamic and horizontal resistances. A buy setup can be scouted here. And if the flag breakout is successful from here, a buy setup can be looked for after these hurdles.
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