DOW JONES Can go to 36000 before is starts another correction.
Dow Jones / US30 us extending the rise inside the 4 month Channel Up, supported by the 4hour MA50.
It has already crossed over Resistance A (35525) and as long as the 4hour MA50 holds, it can even break above Resistance B and make a Higher High inside the 36000 - 36100 range.
Sell when the price crosses under the 4hour MA50 and target the 4hour MA200.
An alternative target to close sell positions can be when the 4hour RSI gets oversold under 30.00.
Previous chart:
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It has already crossed over Resistance A (35525) and as long as the 4hour MA50 holds, it can even break above Resistance B and make a Higher High inside the 36000 - 36100 range.
Sell when the price crosses under the 4hour MA50 and target the 4hour MA200.
An alternative target to close sell positions can be when the 4hour RSI gets oversold under 30.00.
Previous chart:
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
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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.