Dow Jones reached the top of the late 2022 Channel Up and is already on a 3day rejection. If it crosses under the MA50 (1d), the strongest short term sell signal emerges.
Trading Plan: 1. Sell if the price crosses under the MA50 (1d).
Targets: 1. 38050 (Support A).
Tips: 1. The RSI (1d) is testing the 58.47 level. Past breakouts under this level have coincided with MA50 (1d) break outs, so use it as an additional sell signal. 2. The strongest long term buy entry has been when the RSI (1d) breaks under the 30.00 oversold limit.
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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.