Long

DOW JONES Crossed under the MA50 (4h), first time in a month

Dow Jones crossed under the MA50 (4h) today for the first time since March 24th.
Even though that's a bearish bell, the 1 month Channel Up is intact, thus the trend remains bullish.

Trading Plan:
1. Buy as long as the price stays inside the Channel Up.
2. Sell if it crosses under the MA100 (4h).

Targets:
1. 34950 (Rising Resistance 2).
2. 33000 (MA100 1d).

Tips:
1. The RSI (4h) is inside a Channel Down ever since Dow started to diverge inside a Bullish Megaphone. This is an indication of a potantial pattern chance from more aggressive bullish to less aggressive bullish/ neutral.

Please like, follow and comment!!

Notes:
This is a continuation of this trading plan:

DOW JONES Top of the Channel Down but will it stop there?

TradingBrokersView

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 on:

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.

TradingBrokersView

Also on: