The Dow Jones (DJI) has been moving inside a Channel Up since the April 25 low. Right now, price is consolidating after touching and bouncing from the 1D MA50 (blue line), which also aligns with the bottom of the Channel.
This area forms a Higher Low, which is one of the strongest technical supports.
The 1D RSI is also bouncing from the same level as the last Higher Low, increasing the chance of another bullish wave inside the Channel.
In the last two bullish legs, price gained at least +7%. Based on that, our short-term target is 46,350.
🟢 KAIZO US30 REPORT
🎯 Setup: BUY 📈
🔹 Entry: 44,000 – 44,200
🛑 Stop Loss: 42,930
✅ Take Profit: 46,313
📶 Confidence: High (85%)
💬 “Strong support means strong opportunities.”
#DJI #DowJones #StockMarket #ChannelUp #Kaizo
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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.