DJ30 has been in a bullish trend with the formation of higher highs and higher lows. That being said, the market has broken out from the resistance level, which has now turned into a support level. Any bullish price action confirmation from this support will take the market further up towards the next resistance. 

The ascending trendline is going to retest the price action at the support level. If rejected, it will form a solid confluence for the mark up.

There is no retracement on this pair at the moment. 

EMA 50 is also bullish at the moment and has the capacity to tap the price at the support level from where, it can form an upheaval towards the confluence of multiple factors.

RSI is at 65. It needs to be neutralized at the 50 level in order for the market to align with the technical factors to continue moving up.

DJ30 still bullish

Nov 21 2023