DOW JONES MA200 (1d) test on the Channel Up bottom. BULLISH.

197
Dow Jones is trading inside a Channel Up but lately finds itself on a pull back.
This pull back is about to test the MA200 (1d) at the bottom of the pattern.
The MA200 (1d) has been holding as Support since November 3rd 2023, so overall that makes it a buy opportunity.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 46400 (the 1.382 Fibonacci extension).

Tips:
1. The RSI (1d) is almost oversold and at 35.00 it has turned sideways. Every time the RSI was on this level or belowsince October 2023, it was the best buy opportunity.

Please like, follow and comment!!

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.