DOW JONES: Rare Channel Up bottom buy opportunityDow Jones remains bearish on its 1D technical outlook (RSI = 40.772, MACD = -242.050, ADX = 47.872) as despite trading on the 1D MA100, it has failed yet to recover the 1D MA50. Technically though, the price action is sitting exactly at the bottom of the long term Channel Up and the 1D RSI has formed a bottom fractal identical to those of June and April 2024. The minimum target on those has been +7.65% but since we have the R1 level to consider as Resistance, that will be our target (TP = 45,000).
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