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.