DJI is trading on a 2 month long 1D Channel Up (RSI = 67.760, MACD = 270.600, ADX = 45.275, Highs/Lows = 174.000) that seems to have reached an inner peak. With the RSI on the 4H chart also on the Resistance Zone, we are expecting a minor pull back that will give us the opportunity for a long position.
The current Support Zone is 28,900 - 29,010 with 28,700 as the last resort since the MA50 (4H) is there. Our TP is 29,600. Attention is needed as a break below the 4h MA50 risks testing the MA200.
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The current Support Zone is 28,900 - 29,010 with 28,700 as the last resort since the MA50 (4H) is there. Our TP is 29,600. Attention is needed as a break below the 4h MA50 risks testing the MA200.
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial