DOW JONES confirmed buy signal supported by the MA50 (1d)

٨ يونيو ٢٠٢٣

Dow Jones is having a confirmed bullish breakout singal as it crossed over the short term Channel Up while holding the MA50 (1d).
This is a channel inside the longer term pattern of a Channel Up since the March Triple Bottom.

Trading Plan:
1. Buy on the market price.
2. Buy if the price crosses above Resistance (1).
3. Sell if the price crosses below Support (1).

Targets:
1. 34350 (under Resistance 1).
2. 34900 (under Resistance 2).
3. 31750 (Support 2).

Tips:
1. The RSI (1d) is at a level symmetric to January 11th when again the price crossed above a short term Channel Up after rebounding on the MA50 (1d). It reached 34350 shortly after.

Please like, follow and comment!!

Notes:
Past trading plan: