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DOW JONES Bottom formation buy only on the short term.

Long
Dow Jones Industrial Average Index (CAPITALCOM:US30)  
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CAPITALCOM:US30   Dow Jones Industrial Average Index
Trend Analysis Chart Patterns Technical Indicators DJI djia dowjones DOW YM1! US30
8
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trendanalysis chartpattern indicator dji djia dowjones dow ym1! us30
Dow Jones is priting a bottom on the newly emerged Channel Down which calls for a short term buy.
The same kind of formation was witnessed in middle March on the long term bottom pricing when the (recently broken) Channel Up started.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 34400 (MA50 1d).

Tips:
1. The RSI (1d) is on the 30.00 oversold support. Same as on March 13th. An additional buy indicator.

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Notes:
Past trading plan:

DOW JONES crossed below the 6 month Channel Up.
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