DOW JONES: Bottom of the Channel Up.

31 thg 10

Dow Jones turned bearish on its 1D technical outlook (RSI = 42.00, MACD = 51.000, ADX = 21.000) as it almost hit the bottom of the Channel Up pattern. It is about to form a Death Cross on the 4H timeframe, which will be the first since August 8th that was technically the bottom of July's correction and start of the current Channel Up. We expect the bottom to be priced either today or tomorrow and the RR is good enough to buy. We aim for the 1.5 Fibonacci level (TP = 44,000), which priced the previous two HH.


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

## Comments and likes are greatly appreciated. ##