DOW JONES Sell the rejection, buy the breakout.

٢١ مارس ٢٠٢٣

Dow Jones is above the MA50 (4h), approaching the Falling Resistance of the February 14 Top.
It also is on the 0.382 Fibonacci level, so a rejection is quite probable.
The long term bottom though is in as the price is rising on a Triple Bottom.

Trading Plan:
1. Sell the Resistance rejection.
2. Buy a break over Fibonacci 0.5 and MA200 (4h).

Targets:
1. 32100 (MA50 (4h)).
2. 33600 (Resistance 1).

Tips:
1. The RSI (4h) is rising steadily on Higher Lows. This shows a sustainable move and serious attempt to break the Falling Resistance this time.


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Notes:
This is a continuation of this long term trading plan: