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US30, wave 5 should start now towards 42k
Dow Jones Industrial Average Index
Long
US30, wave 5 should start now towards 42k
By Kyrean
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Updated
Sep 7
6
May 31
Looking at US30 we have a high probability of turning into bullish again.
RSI long signal
Strong daily support
Bullish Engulfing candle
Possible wave 4 low
I expect new ATH to be build soon
May 31
Trade closed: target reached
Beautiful reaction within 1 hour after I published the idea. The chart is now 1% up and I closed some profits over the weekend.
Jun 6
Note
US30 is way weaker than US100 and US500.
But with the daily close it looks like it could pick up tomorrow or next week.
Sep 7
Trade closed: target reached
Forgot to update, but the target of 42k was nearly reached.
Chart Patterns
Technical Indicators
Trend Analysis
Kyrean
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