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TradingShot
Oct 4, 2020 8:55 AM

DOW JONES broke above the 1D MA50. Buy Signal.Β Long

US 30Currency.com

Description

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Pattern: Channel Up on 1D.

Signal: Buy as the price broke above the 1D MA50, crossing it as a Resistance for the first time since April 27. Also the MACD formed a Bullish Cross. The past 3 occurrences initiated a rally.

Target: 29200 (the Resistance).



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Comments
PolarHusk
β‹…
GoodWorkβ€πŸ»β€β„οΈ
sipiceanu
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Great analysis. Appreciate it.
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