DOW JONES: Final pump before correction.

٧ نوفمبر ٢٠٢٣

Dow Jones turned bullish on its 1D technical outlook (RSI = 59.241, MACD = -34.600, ADX = 33.114) after more than three weeks as it smashed past our target and even crossed over the R1 level (34,150). The inevitable formation of a Golden Cross on the 4H timeframe, indicates that this sequence has one more High left to give on the LH and HH trendlines cross.

The 4H MACD Bearish Cross is very much like October 12th, both took off on a Double Bottom Bullish Cross. This is our last short term buy (TP = 34,500).

See how well our prior idea has worked:

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