Dow Jones has been trading inside a Channel Up since the October 27th Low.
The MA50 (4h) has been the main support throughout this time, having stayed unbroken since November 1st.
Trading Plan:
1. Buy on the current market price as long as the MA50 (4h) holds.
2. If the MA50 (4h) breaks, sell.
Targets:
1. 38550 (+4.06% rise, the lowest throughout the Channel Up).
2. 36400 (the MA200 4h).
Tips:
1. The RSI (4h) has been trading under a Falling Resistance, which indicates a potential Bearish Divergence. It favors a break under the Channel Up.
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Notes:
Past trading plan:
The MA50 (4h) has been the main support throughout this time, having stayed unbroken since November 1st.
Trading Plan:
1. Buy on the current market price as long as the MA50 (4h) holds.
2. If the MA50 (4h) breaks, sell.
Targets:
1. 38550 (+4.06% rise, the lowest throughout the Channel Up).
2. 36400 (the MA200 4h).
Tips:
1. The RSI (4h) has been trading under a Falling Resistance, which indicates a potential Bearish Divergence. It favors a break under the Channel Up.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.