DOW JONES Trading plan based on the MA50 4H.

Dow Jones is holding the Channel Up since December and on Friday it came the closest to the bottom in 1 month.
There is a potential Channel Down emerging and the key to which pattern prevails will be the MA50 4H.

Trading Plan:
1. Sell below the MA50 4H.
2. Sell if the price breaks under the Channel Up.
3. Buy above the MA50 4H.
4. Buy at the bottom of the Channel Up.

Targets:
1. 33470 (bottom of Channel Up).
2. 33000 (above Support 1).
3. 34500 (below Fibonacci 0.786).
4. 34850 (below Resistance 1).

Tips:
1. The RSI is supported in a similar way like December-January. That kick started a strong rise. Break below and the pattern might be negated.

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