DOW JONES A mix of patterns ahead of the Fed!

The Dow Jones Industrial Average (DJI) has made a strong medium-term rise since our buy signal 12 days ago:

Still within the High Volatility region, hence neutral long-term, the price is rising today after finding Support within the 4H MA50 (blue trend-line) and 4H MA200 (orange trend-line). The medium-term pattern is a Triangle, the short-term a Channel Up.

However the price needs to break above the 2 day Channel Down (red) in order to test the top of the Triangle and if broken extend the Channel Up into the medium-term to test the 34910 December High.

A break below the Channel Up, should extend the red Channel Down towards the bottom of the Triangle again.

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