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TradingShot
Oct 13, 2021 3:35 PM

DOW JONES Buy Signal Long

CURRENCYCOM:US30240
US 30Currency.com

Description

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Pattern: Inverse Head and Shoulders on 4H.

Signal: Buy as the price is close to completing the Right Shoulder and is on the 0.382 Fibonacci retracement level.

Target: 34700 which is the 0.786 Fibonacci retracement level just below the Lower Highs trend-line.



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Trend AnalysisHarmonic PatternsChart PatternsdowjonesDOWDJIdjiasignalsUS30dowjonessignalsus30signals
Comments
Thayuuh
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Do you trade on the daily and weekly time frames as well?
cantremeber
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Agreed, about what I'm seeing, but giving it a 50/50 chance....possibly skips E and just drops another level, under the 200D ema....hasn't been in that position since late October last year

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