Long
DOW JONES Buy opportunity on the 1D MA200 and 0.618 Fib
Pattern: Channel Up on 1D.
Signal: Buy as the price reached both the 0.618 Fibonacci retracement level as well as the 1D MA200 (orange trend-line). The last parameter to fulfil is the RSI Support, so allow margin for one last low at the bottom of the Channel Up.
Target: 36500 (Resistance and All Time High) and 37000 in extension (Higher High of the Channel Up).
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Signal: Buy as the price reached both the 0.618 Fibonacci retracement level as well as the 1D MA200 (orange trend-line). The last parameter to fulfil is the RSI Support, so allow margin for one last low at the bottom of the Channel Up.
Target: 36500 (Resistance and All Time High) and 37000 in extension (Higher High of the Channel Up).
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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Trade Forex on TradingView (zero commissions)👉 go.tradenation.com/visit/?bta=37104&brand=tradenation
I trade Crypto (perps/swaps) with👉 app.defi.app/join/5b8X2l
Funded trading -10% off👉 hyrotrader.com/?coupon=tradingshot
I trade Crypto (perps/swaps) with👉 app.defi.app/join/5b8X2l
Funded trading -10% off👉 hyrotrader.com/?coupon=tradingshot
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.