DOW JONES is aiming at a new Low unless the Resistance breaks.
Dow Jones is trading inside the corrective wave of the long term Channel Up.
As long as Resistance A (34575) holds, sell and target the Channel's bottom and 1day MA100 at 33500.
If the Resistance A breaks, buy and target 34850.
For a long term buy, always look to buy inside the 4hour RSI's buy zone, which is on oversold territory.
Previous chart:
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As long as Resistance A (34575) holds, sell and target the Channel's bottom and 1day MA100 at 33500.
If the Resistance A breaks, buy and target 34850.
For a long term buy, always look to buy inside the 4hour RSI's buy zone, which is on oversold territory.
Previous chart:
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.