DOW JONES Pulling back for a lower buy opportunity
Dow Jones is pulling back to the 1day MA50, which is headed to the bottom of the Channel.
You can sell the distance but focus more on buying as close to 33100 as possible and this is the neckline of the Inverse Head and Shoulders pattern.
Target 34500 (Resistance Zone A).
Can be viewed as the inverted structure of December 15th - February 15th.
Previous chart:
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You can sell the distance but focus more on buying as close to 33100 as possible and this is the neckline of the Inverse Head and Shoulders pattern.
Target 34500 (Resistance Zone A).
Can be viewed as the inverted structure of December 15th - February 15th.
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.