DOW JONES Take profit soon. Pull back expected.

٣ يوليو ٢٠٢٣

Dow Jones is almost on Resistance (1) at 34530 with the top of the dotted Channel Up just over it at 34700.
That is a level where the buy profits from the MA50 (1d) buys should be realized and then wait for a break out or pull back in order to continue buying.

Trading Plan:
1. Sell within 34600 - 34700.
2. Buy if the (1d) candle closes over 34700.
3. Buy on the MA200 (1d) at 33500.

Targets:
1. 33500 (MA200 1d).
2. 35400 (near the top of the yellow long term Channel Up).
3. 34900 (Resistance 2).

Tips:
1. The RSI (1d) is posting a sequence similar to the February top. That started a significant medium term correction.

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Notes:
Past trading plan: