DOW JONES: Top is in. Sell signal confirmed.

٩ أغسطس ٢٠٢٣

Dow Jones turned neutral on the 1D timeframe (RSI = 52.418, MACD = 174.150, ADX = 47.396) for the first time in one month after the price was rejected inside our targeted zone consisting of R1 - R2. The price completed an approximate +6.20% rise, which is the technical norm inside the four month Channel Up pattern that is holding to this date.

Technically this is a sell signal, targeting the 1D MA50 (TP = 34,650). A 1D candle close under the 1D MA50, signals an additional sell, targeting the bottom of the Channel Up and the 1D MA200 (TP = 34,150).

Prior idea:

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