Dow Jones broke above the Falling Resistance for the first time in 2 weeks. The is the first bullish signal since the Triple Bottom but has the Pivot Zone 1 and the MA200 (4h) to overcome.
Trading Plan: 1. Buy as this is a major bullish break out supported by the MA50 (4h).
Targets: 1. 33300 (Fibonacci 0.618).
Tips: 1. The RSI (4h) is on a Rising Support. In the past month, two similar technical structures ended up with a blow-off rise, even when in a downtrend.
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Notes: This is a continuation of this trading plan:
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