DOW JONES broke above the Falling Resistance. First buy signal.
Dow Jones broke above the Falling Resistance for the first time in 2 weeks.
The is the first bullish signal since the Triple Bottom but has the Pivot Zone 1 and the MA200 (4h) to overcome.
Trading Plan:
1. Buy as this is a major bullish break out supported by the MA50 (4h).
Targets:
1. 33300 (Fibonacci 0.618).
Tips:
1. The RSI (4h) is on a Rising Support. In the past month, two similar technical structures ended up with a blow-off rise, even when in a downtrend.
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Notes:
This is a continuation of this trading plan:
The is the first bullish signal since the Triple Bottom but has the Pivot Zone 1 and the MA200 (4h) to overcome.
Trading Plan:
1. Buy as this is a major bullish break out supported by the MA50 (4h).
Targets:
1. 33300 (Fibonacci 0.618).
Tips:
1. The RSI (4h) is on a Rising Support. In the past month, two similar technical structures ended up with a blow-off rise, even when in a downtrend.
Please like, follow and comment!!
Notes:
This is a continuation of this trading plan:
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Also doing account management, earn +15% monthly profit!
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