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DOW JONES Still bullish, one last pullback possible
Dow Jones is under the 4hour MA50 for a whole day but still inside both the short and medium term Channel Up patterns.
As long as they hold, the trend remains bullish and we are targeting 34375. If the price crosses above Resistance A, extend buying to Resistance B (34900).
There is a probabilitiy for one last pull-back to the Rising Support around 33300 if the Channels break. That will still be a buy opportunity.
Previous chart:
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As long as they hold, the trend remains bullish and we are targeting 34375. If the price crosses above Resistance A, extend buying to Resistance B (34900).
There is a probabilitiy for one last pull-back to the Rising Support around 33300 if the Channels break. That will still be a buy opportunity.
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
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.