DOW JONES is aiming at a new Low unless the Resistance breaks.
Dow Jones is trading inside the corrective wave of the long term Channel Up.
As long as Resistance A (34575) holds, sell and target the Channel's bottom and 1day MA100 at 33500.
If the Resistance A breaks, buy and target 34850.
For a long term buy, always look to buy inside the 4hour RSI's buy zone, which is on oversold territory.
Previous chart:
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As long as Resistance A (34575) holds, sell and target the Channel's bottom and 1day MA100 at 33500.
If the Resistance A breaks, buy and target 34850.
For a long term buy, always look to buy inside the 4hour RSI's buy zone, which is on oversold territory.
Previous chart:
Follow us, like the idea and leave a comment below!!
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