DOW JONES Sell signal at the top of the Channel Up.

288
Dow Jones reached the top of the 4 month Channel Up today just after crossing above Resistance (1).
The MA50 (1d) is the first Support of this pattern and has been untouched since July 10th.

Trading Plan:
1. Sell on the current market price.

Targets:
1. 34450 (expected course of the MA50 1d).

Tips:
1. The RSI (1d) is has formed a top pattern, same as April 13th and June 15th.

Please like, follow and comment!!

Notes:
Past trading plan:

DOW JONES Double buy entry on the MA50 and MA200 (1d).

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.