DOW JONES cyclical trend points bottom is near.
DOW JONES / US30 is trading inside a Channel Up pattern for the past 4 months.
Right now it is on a technical pullback towards the 4hour MA200, having already crossed under the 4hour MA50.
The 4hour MA200 was the level that supported the previous pullback that bottomed on November 19th.
Inside this pattern, every pullback corrected to the 0.5 Fibonacci level and was a buy opportunity while the 4hour RSI turned oversold under its 30.00 level.
Time this buy entry and target 45600, which is the 1.236 Fibonacci extension, the level that priced all prior highs inside this Channel Up.
Previous chart:
Follow us, like the idea and leave a comment below!!
Right now it is on a technical pullback towards the 4hour MA200, having already crossed under the 4hour MA50.
The 4hour MA200 was the level that supported the previous pullback that bottomed on November 19th.
Inside this pattern, every pullback corrected to the 0.5 Fibonacci level and was a buy opportunity while the 4hour RSI turned oversold under its 30.00 level.
Time this buy entry and target 45600, which is the 1.236 Fibonacci extension, the level that priced all prior highs inside this Channel Up.
Previous chart:
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.