DJIA Futures: Ascending Trend-Channel, Next Formation to Watch!DJIA FuturesOSE_DLY:DJIA1!VincePrinceHello Community, welcome to my new analysis of DJIA Futures from a daily timeframe perspective. The DJIA recently showed strong bullish momentum, surging higher. Investors' need to hedge against major crises increased substantially, boosting demand for stocks and reflected in overall stock prices. Now, I consider the underlying dynamics which are important to watch out for in the upcoming times. When looking at my chart now, we can see how the DJIA is trading within this continued uptrend channel. Within the lower boundary, it has major support as it has bounced within the boundary already several times in the past. Now, in the recent weeks, it completed this local wedge formation with the breakout above the boundary increasing substantial bullish momentum. The next formation the DJIA is forming now is this continuation triangle formation. Currently, the DJIA builds up support above the 54000 level with the potential to break out further. If the DJIA should drop below this level, then a possible revisiting of the lower ascending boundary could be possible. Nonetheless, the trend remains upward. A breakout above the upper boundary could accelerate the trend massively. In this manner, thank you a lot for watching! The support is highly appreciated. VP