Dow Jones is trading inside a Channel Up since August. However at the moment it is still on a bearish wave. Three out of four bearish waves of this Channel Up hit the MA50 (1d) before reversing. With the price rejected now on the MA50 (1h), this is still a sell opportunity.
Trading Plan: 1. Sell on the current market price.
Targets: 1. 43000.
Tips: 1. The RSI (1h) is also declining. Once it turns sideways, it will be the signal to reverse to buying.
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