Dow Jones (DJIA) is attempting to re-enter the Channel Down pattern that broke upwards, and on the bottom of which we gave the most efficient buy signal almost 2 months ago:
At the moment the index is on the build up of a Channel Down which targets 32600. We will only buy if the price closes above its top (Lower Highs trend-line) and target Resistance 3 at 34900. As far as a long-term buy is concerned, we are only interested in buying if a Bullish Divergence is spotted on the 4H RSI, same as on March 15.
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At the moment the index is on the build up of a Channel Down which targets 32600. We will only buy if the price closes above its top (Lower Highs trend-line) and target Resistance 3 at 34900. As far as a long-term buy is concerned, we are only interested in buying if a Bullish Divergence is spotted on the 4H RSI, same as on March 15.
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** Please LIKE ๐, FOLLOW โ , SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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๐ฐFree Channel t.me/tradingshotglobal
๐คตContact info@tradingshot.com t.me/tradingshot
๐ฅNew service: next X100 crypto GEMS!