DOW JONES Bottom formation completed.

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Dow Jones / US30 has formed the 2nd leg of the bottom sequence on the Rising Support and the 0.236 Fibonacci level at the bottom of the Channel Up.

This is a similar formation to May, also on a Rising Support. Once the Falling Resistance broke, the price almost reached the 0.786 Fibonacci level, before making a Higher High.

The CCI between the two patterns is also indentical.

If the price crosses over the 4hour MA50, buy and target 35200.

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