DOW JONES: Levels to trade for continuation of rejection of the
Dow Jones is bullish on a 1D MACD Bullish Cross with all of its 1D technicals in deep green (RSI = 60.720, MACD = 99.160, ADX = 23.397). This short term bullish trend is almost the same as April's that was later rejected at the top of the long term Channel Up. Consequently, we are selling at the top, targeting the bottom (TP = 33,300) of an emerging Channel Up pattern.
If on the other hand the index crosses over the R1, we will take the loss on the sell and go long, targeting the top (TP = 35,200) of the Channel Up, unless the price closes under the 1D MA50 earlier, in which case we will book the profit earlier.
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
If on the other hand the index crosses over the R1, we will take the loss on the sell and go long, targeting the top (TP = 35,200) of the Channel Up, unless the price closes under the 1D MA50 earlier, in which case we will book the profit earlier.
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.