Dow Jones / US30 hit the bottom of the Channel Down that is correcting the index to the Rising Support of the larger Channel Up pattern.
It did cross under the 1day MA200 (bearish) but on the other hand the 1day RSI is rebounding on the Oversold Support (bullish) like on the March 13th low.
Keep a tight SL on the low of the bottom candle and buy. Target 34400 (1day MA50).
Previous chart:
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It did cross under the 1day MA200 (bearish) but on the other hand the 1day RSI is rebounding on the Oversold Support (bullish) like on the March 13th low.
Keep a tight SL on the low of the bottom candle and buy. Target 34400 (1day MA50).
Previous chart:
Follow us, like the idea and leave a comment below!!
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thecryptagon.com covers news & insights on global markets (crypto, forex, stocks, commodities)
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.