DOW JONES: Bottom similar to December. Buy opportunity.
Dow Jones is technically heavily bearish on both the 4H and 1D time-frames (RSI = 34.017, MACD = -241.550, ADX = 52.078) but the 4H RSI has been rising for the past week, despite the corrective wave on the index. This price action is similar to the late December that ended with a bottom formation. Even the patterns that preceded this are similar.
We are turning long again on Dow, targeting both the 4H MA50 (TP = 33,200) and 4H MA200 (TP = 33,600).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
We are turning long again on Dow, targeting both the 4H MA50 (TP = 33,200) and 4H MA200 (TP = 33,600).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.