DOW JONES: Short term target 44,850.

11 thg 11

Dow Jones is almost overbought on its 1D technical outlook (RSI = 69.283, MACD = 438.030, ADX = 26.531) and on top of that, the 4H RSI has been inside overbought territory since November 5th. The price action remains inside the Channel Up that started in August but every time the 4H RSI trades sideways like this on overbought ranges, the price enters a smaller Channel Up and leads to the peak HH. That's what we are aiming for now (TP = 44,850).

See how our prior idea has worked out:

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##