DOW JONES Best buy entry on a 7 month basis.
Dow Jones is approaching Support (1) and the Rising Support of the 2023 Channel Up.
The Support (1) level has been holding for 5 months.
Based on the Falling Resistance that initated the current correction and the rejection on the MA50 (1d), the price action is identical to November 2022 - March 2023 so far.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 34800 (Falling Resistance).
Tips:
1. The Sine Wave tool very accurately displays the Cycle of peaks and bottoms since late 2022 and shows the price is on the most optimal bottom buy level time wise.
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Notes:
Past trading plan:
The Support (1) level has been holding for 5 months.
Based on the Falling Resistance that initated the current correction and the rejection on the MA50 (1d), the price action is identical to November 2022 - March 2023 so far.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 34800 (Falling Resistance).
Tips:
1. The Sine Wave tool very accurately displays the Cycle of peaks and bottoms since late 2022 and shows the price is on the most optimal bottom buy level time wise.
Please like, follow and comment!!
Notes:
Past trading plan:
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