DOW JONES Rectangle for short term. Channel Up for long term.

Dow is in ranging mode on the short term inside a Rectangle. The 4hour MA50 is almost at the middle, so crossing above it is a long signal: Target 34250. Below it is a short signal: Target 33550.

On the long term the structure remains a Channel Up, in fact the price came very close last week to its bottom. If the price breaks the bottom it is a sell: Target 32965. If the Channel holds, it is a buy: Target 34750.

Observe how the 4hour RSI shows well enough the best entries for the Channel Up and for the Restangle alike.

Follow us, like the idea and leave a comment below!!

TheCryptagon

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

גם ב:

כתב ויתור

המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.

TheCryptagon

גם ב: