Dow Jones showing upside thanks to BOS up and C&H to 34,826
Cup and Handle recently formed on Dow Jones.
This broke the downtrend and now price has decided it's going bullish from here on.
Indicators look strong for upside.
7>21>200 - Bullish
RSI>50
SMCANALYSIS
There was a Break of Structure UP which helps confirm with the upside to come.
We can place the stop loss below the handle by the Sell Side Liquidity levels.
Target 34,826
This broke the downtrend and now price has decided it's going bullish from here on.
Indicators look strong for upside.
7>21>200 - Bullish
RSI>50
SMCANALYSIS
There was a Break of Structure UP which helps confirm with the upside to come.
We can place the stop loss below the handle by the Sell Side Liquidity levels.
Target 34,826
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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