DOW JONES 05/04/2021

Although there is a ruling long trend, we've had a strong upward movement and the price started retracing when hitting the (long) trend-channel's top. So in the short term I suppose the price will retrace down to the lower trendline, possibly in combination with the blue zone. That's where you can try to buy yourself into the market. Before this can happen, the price needs to turn down again and it could probably bounce off the pink zone. If it doesn't bounce off there, I will rethink the setup.