Dow Jones rebounded on the 4H MA200 and the HL trendline of the Triangle pattern and turned bullish again on the 1D timeframe (RSI = 61.324, MACD = 179.870, ADX = 45.459). As the 4H MACD is on a Bullish Cross, we have a clear sequence to follow, bullish if it closes over the LH trendline (TP = 39,450) and bearish if it doesn't (TP = 38,700). The targets are the 1.5 Fibonacci extension and the HL trendline respectively. From a fractal point of view, the MACD looks much like the January 19th 2024 bullish breakout.
## If you like our free content follow our profile to get more daily ideas. ##