Dow Jones / US30 has now crossed above its 1week MA50 and has restored the long term bullish trend.
That trend was in risk of getting invalidated but last month's rebound at the bottom of the long term Channel Up and holding Support A, kickstarted the new Bull Cycle.
Every Support A rebound inside this Channel Up technically started a new Bull Cycle.
The less aggressive of those was +57.76%.
This is where long term investors buy and target 57700.
Previous chart:
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That trend was in risk of getting invalidated but last month's rebound at the bottom of the long term Channel Up and holding Support A, kickstarted the new Bull Cycle.
Every Support A rebound inside this Channel Up technically started a new Bull Cycle.
The less aggressive of those was +57.76%.
This is where long term investors buy and target 57700.
Previous chart:
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.