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TheCryptagon

DOW JONES is aiming at a new Low unless the Resistance breaks.

Short
Dow Jones Industrial Average Index (CAPITALCOM:US30)  
TheCryptagon  
CAPITALCOM:US30   Dow Jones Industrial Average Index
Trend Analysis Chart Patterns Technical Indicators dowjones DOW US30 DJI YM1!
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trendanalysis chartpattern indicator dowjones dow us30 dji ym1!
Dow Jones is trading inside the corrective wave of the long term Channel Up.

As long as Resistance A (34575) holds, sell and target the Channel's bottom and 1day MA100 at 33500.

If the Resistance A breaks, buy and target 34850.

For a long term buy, always look to buy inside the 4hour RSI's buy zone, which is on oversold territory.

Previous chart:

DOW JONES Channel Up aiming at May's High.

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