Dow Jones touched the MA200 (1d) today after bouncing off the bottom of the Channel Up.
This is a standard V shaped reversal, much like the one in March.
Trading Plan:
1. Buy on the next MA200 (1d) break out.
Targets:
1. 34850 (Falling Resistance contact in similar fashion with April 14th).
Tips:
1. When the RSI (1d) is rebounding after being oversold, which is what took place on the March 13th Low. The two patterns are identical, this is why we expect the same target symmetry as then.
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Notes:
Past trading plan:
This is a standard V shaped reversal, much like the one in March.
Trading Plan:
1. Buy on the next MA200 (1d) break out.
Targets:
1. 34850 (Falling Resistance contact in similar fashion with April 14th).
Tips:
1. When the RSI (1d) is rebounding after being oversold, which is what took place on the March 13th Low. The two patterns are identical, this is why we expect the same target symmetry as then.
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.