DOW JONES: On an important make or break 1D MA200 test
Dow Jones is trading inside a Channel Down on currently red 1D technicals (RSI = 42.150, MACD = -137.170, ADX = 39.695). For the past week though it has been mostly sideways between the 1D MA50 and 1D MA200. Today the 1D MA200 held but that alone is not a buy signal.
If it crosses and closes over the 1D MA50, we will target first the R1 (TP1 = 33,650) and then the top of the long term Channel Down (TP2 = 33,900). If the price closes under the 1D MA200, sell and target the bottom of the Channel Down (TP = 32,000).
Prior idea:
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If it crosses and closes over the 1D MA50, we will target first the R1 (TP1 = 33,650) and then the top of the long term Channel Down (TP2 = 33,900). If the price closes under the 1D MA200, sell and target the bottom of the Channel Down (TP = 32,000).
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.