DOW JONES: Will the 4H MA200 produce a rally?

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Dow is neutral on its 1D technical outlook (RSI = 51.949, MACD = 356.820, ADX = 20.639), trading between its 4H MA50 and MA200 in the past 2 days. The price just hit the 4H MA200 for the 2nd time again at the bottom of the Channel Up. As long as it holds, the pattern can initiate the new bullish wave. We exepct it to repeat the +3.74% rise of the one before, TP = 43,550.

See how our prior idea has worked out:


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