DOW JONES may give more buy opportunities on this pattern

This is an update to my most recent Dow Jones idea that gave the buy signal on the bottom of the Channel Up a week ago:

DOW JONES Buy opportunity on the 1D MA200 and 0.618 Fib

The index has been rallying aggressively since then and now faces the first important Resistance (black dashed line). This may be an Inverse Head and Shoulders pattern similar to the June one. That has given two buy opportunities on the 1D MA50 (blue trend-line)/ 0.5 Fibonacci retracement level and the 0.618 Fibonacci retracement level before the final rally of that phase towards the 0.236 Fibonacci extension.

If you didn't catch the bottom buy already, be on the look out for those potential buy opportunities.

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