Dow Jones is forming a pattern much like January, which after a peak and rejection to a Lower Low, it started a Channel Up.
Both Lows have been formed on the exact price level (32950).
The 4hour RSI sequences are also similar.
The target on January's pattern was the peak's Resistance.
Buy and target 34200.
Previous chart:
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Both Lows have been formed on the exact price level (32950).
The 4hour RSI sequences are also similar.
The target on January's pattern was the peak's Resistance.
Buy and target 34200.
Previous chart:
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.