TradingShot

DOW JONES sets course for the All Time High in the next 2 months

Long
CAPITALCOM:US30   Dow Jones Industrial Average Index
Dow Jones (DJI) held its 1D MA100 as Support and as projected on our analysis last week (see chart below), it formed a Higher Low on the 5-month Channel Up and rebounded:


We now move to the 1W time-frame where this week's 1W candle is so far the strongest since July 17 and already recovered the 1D MA50 (red trend-line). After completing the standard -4.70% correction to the Channel's bottom, the norm within this pattern is to first post a +6.15% rise and ultimately complete the Higher High with a +9.00%. As a result, our short-term target is 36100 (+6.15%) and by the end of October 36960 (+9.00%), which is the All Time High since January 2022!

-------------------------------------------------------------------------------

** Please LIKE ๐Ÿ‘, FOLLOW โœ…, SHARE ๐Ÿ™Œ and COMMENT โœ if you enjoy this idea! Also share your ideas and charts in the comments section below! **

-------------------------------------------------------------------------------

๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ
๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡

๐Ÿ‘‘Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)

๐Ÿ’ฐFree Channel t.me/tradingshotglobal
๐ŸคตContact info@tradingshot.com t.me/tradingshot

๐Ÿ”ฅNew service: next X100 crypto GEMS!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.