DOW JONES Channel Up near its bottom. Solid buy.
Dow Jones / US30 is trading inside a Channel Up since late August.
The price is about to enter the buy zone of the pattern.
The previous bearish leg made a -3.81% correction before it bottomed and initiated the bullish leg to the 1.618 Fibonacci extension.
We expect a strong rebound from the current prices, so buy and target 44100 (just under the 1.618 Fib).
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The price is about to enter the buy zone of the pattern.
The previous bearish leg made a -3.81% correction before it bottomed and initiated the bullish leg to the 1.618 Fibonacci extension.
We expect a strong rebound from the current prices, so buy and target 44100 (just under the 1.618 Fib).
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.