- Am looking at the Dow Jones Industrial average and i have noticed that it is up
on the weekly trend and this is one of the reasons
why I think it's going up
- Also if we use the rocket booster strategy you will notice that the price is
above the 50 Day Moving Average
- Also notice the price is above the 200 Day Moving Average as well
This gives you a signal that the price is in an uptrend as well
You need to look at this price action like you are travelling on a road
going to a certain destination
Until the "cross over " happens then you can take a turn
but remember you have to wait for that crossover,
in this case, we are looking at the cross-over of the 50-Day Moving Average
above the 200-Day-Moving Average to signal an uptrend.
Trade safe.
Rocket boost this content to learn more.
Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management and profit-taking.
