DOW JONES Technical pull back ahead of Golden Cross (4h).
Dow Jones is on course to form a Golden Cross on the (4h) time frame within 2 days.
Despite being bullish medium term, this pattern has caused a minor short term pull back all the prior 3 times it emerged in 2023.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 33750 (-1.20% decline, same with all previous cases).
Tips:
1. The RSI (4h) got overbought on Friday, as it had done all of the previous 3 fractals we are looking at that preceded the Golden Cross (4h). An additional sell signal.
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Notes:
Past trading plan:
Despite being bullish medium term, this pattern has caused a minor short term pull back all the prior 3 times it emerged in 2023.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 33750 (-1.20% decline, same with all previous cases).
Tips:
1. The RSI (4h) got overbought on Friday, as it had done all of the previous 3 fractals we are looking at that preceded the Golden Cross (4h). An additional sell signal.
Please like, follow and comment!!
Notes:
Past trading plan:
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