DOW JONES Resistance breakouts can lead as high as 35500
Dow Jones / US30 is trading inside a 4 month Channel Up and today crossed above Resistance A (34575).
The attempts have been on the Support of the 4hour MA50.
The formation looks like the June 2nd- 5th breakout, which peaked at +5.75% from its bottom.
Apply careful confirmed buying. Short term target 34800. If Resistance B breaks, buy again and target 35500 (Resistance C).
Previous chart:
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The attempts have been on the Support of the 4hour MA50.
The formation looks like the June 2nd- 5th breakout, which peaked at +5.75% from its bottom.
Apply careful confirmed buying. Short term target 34800. If Resistance B breaks, buy again and target 35500 (Resistance C).
Previous chart:
Follow us, like the idea and leave a comment below!!
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