Dow Jones is on course to form a Golden Cross on the (4h) time frame within 2 days.
Despite being bullish medium term, this pattern has caused a minor short term pull back all the prior 3 times it emerged in 2023.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 33750 (-1.20% decline, same with all previous cases).
Tips:
1. The RSI (4h) got overbought on Friday, as it had done all of the previous 3 fractals we are looking at that preceded the Golden Cross (4h). An additional sell signal.
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Notes:
Past trading plan:
Despite being bullish medium term, this pattern has caused a minor short term pull back all the prior 3 times it emerged in 2023.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 33750 (-1.20% decline, same with all previous cases).
Tips:
1. The RSI (4h) got overbought on Friday, as it had done all of the previous 3 fractals we are looking at that preceded the Golden Cross (4h). An additional sell signal.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.