DOW JONES The closing of the 1day candle can send it to 34900
Dow Jones/ US30 hit yesterday Resistance A (34260) but closed the candle under it.
If it closes over it, especially if the Fed assists with favorable news today, buy and target Resistance B at 34900.
Until it closes over it, a rejection is equally possible, with the 1day MA50 being the lowest buy entry in the event of a pull back.
The 1day MACD is still on a Bullish Cross, showing a healthy bullish trend.
Previous chart:
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If it closes over it, especially if the Fed assists with favorable news today, buy and target Resistance B at 34900.
Until it closes over it, a rejection is equally possible, with the 1day MA50 being the lowest buy entry in the event of a pull back.
The 1day MACD is still on a Bullish Cross, showing a healthy bullish trend.
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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TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.