Long
DOW JONES Still bullish, one last pullback possible
Dow Jones is under the 4hour MA50 for a whole day but still inside both the short and medium term Channel Up patterns.
As long as they hold, the trend remains bullish and we are targeting 34375. If the price crosses above Resistance A, extend buying to Resistance B (34900).
There is a probabilitiy for one last pull-back to the Rising Support around 33300 if the Channels break. That will still be a buy opportunity.
Previous chart:
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As long as they hold, the trend remains bullish and we are targeting 34375. If the price crosses above Resistance A, extend buying to Resistance B (34900).
There is a probabilitiy for one last pull-back to the Rising Support around 33300 if the Channels break. That will still be a buy opportunity.
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.