DOW JONES formed its first 4H Golden Cross since August. Bullish

Dow Jones (DJI) has been trading within a 6-month Channel Up and today it formed its first 4H Golden Cross since August 15. Coming off a Higher Low bottom 2 weeks ago on the 1D MA100 (green trend-line), we are currently on the new Bullish Leg of the pattern.

The last one rose by +7.26%, roughly the % amount of the previous two as well, so our immediate Target remains 49000 as we've shown on last weeks analysis.

This time we also see an over-extended Target if the end-of-year rally lasts a bit longer, on the 1.382 Fibonacci extension at 49500, as this level has been hit on every Bullish Leg of this pattern.

If the 1D RSI though hits its Lower Highs Zone (red) earlier, it might be a good idea technically to book profits before those Targets are reached.

---

** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **

---

💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇