DOW JONES confirmed buy signal supported by the MA50 (1d)
Dow Jones is having a confirmed bullish breakout singal as it crossed over the short term Channel Up while holding the MA50 (1d).
This is a channel inside the longer term pattern of a Channel Up since the March Triple Bottom.
Trading Plan:
1. Buy on the market price.
2. Buy if the price crosses above Resistance (1).
3. Sell if the price crosses below Support (1).
Targets:
1. 34350 (under Resistance 1).
2. 34900 (under Resistance 2).
3. 31750 (Support 2).
Tips:
1. The RSI (1d) is at a level symmetric to January 11th when again the price crossed above a short term Channel Up after rebounding on the MA50 (1d). It reached 34350 shortly after.
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Notes:
Past trading plan:
This is a channel inside the longer term pattern of a Channel Up since the March Triple Bottom.
Trading Plan:
1. Buy on the market price.
2. Buy if the price crosses above Resistance (1).
3. Sell if the price crosses below Support (1).
Targets:
1. 34350 (under Resistance 1).
2. 34900 (under Resistance 2).
3. 31750 (Support 2).
Tips:
1. The RSI (1d) is at a level symmetric to January 11th when again the price crossed above a short term Channel Up after rebounding on the MA50 (1d). It reached 34350 shortly after.
Please like, follow and comment!!
Notes:
Past trading plan:
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