Dow Jones / US30 has completed a Channel Down on the 0.5 Fibonacci retracement level.
This pattern is nothing more than a Bull Flag based on September's similar structure that also hit the 0.5 Fib and 1day MA50 and bottomed.
This time, the 1day RSI is also on a Rising Support.
Both corrections took place after a +8.15% rise and September's then went on to rebound to the 1.5 Fib extension.
Buy and target 46700.
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This pattern is nothing more than a Bull Flag based on September's similar structure that also hit the 0.5 Fib and 1day MA50 and bottomed.
This time, the 1day RSI is also on a Rising Support.
Both corrections took place after a +8.15% rise and September's then went on to rebound to the 1.5 Fib extension.
Buy and target 46700.
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.