Dow Jones is on course to form a Golden Cross on the (4h) time frame within 2 days. Despite being bullish medium term, this pattern has caused a minor short term pull back all the prior 3 times it emerged in 2023.
Trading Plan: 1. Sell on the current market price.
Targets: 1. 33750 (-1.20% decline, same with all previous cases).
Tips: 1. The RSI (4h) got overbought on Friday, as it had done all of the previous 3 fractals we are looking at that preceded the Golden Cross (4h). An additional sell signal.