DOW JONES: Technical pull-back possible inside the Channel Up.
Dow Jones is highly overbought on the 1D time-frame (RSI = 74.321, MACD = 411.840, ADX = 51.669) and coupled with the price approaching R1 (35,530) and R2 (35,885), which form a HH Rejection Zone, the probability of a technical pull-back strengthens.
HH bullish legs inside the Channel Up get rejected after reaching a +6% rise, so even on that parameter, Dow is close. The 1D RSI is also almost on the HH trendline. Consequently we are going short, targeting the 1D MA50 (TP = 34,400).
Prior idea:
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HH bullish legs inside the Channel Up get rejected after reaching a +6% rise, so even on that parameter, Dow is close. The 1D RSI is also almost on the HH trendline. Consequently we are going short, targeting the 1D MA50 (TP = 34,400).
Prior idea:
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## Comments and likes are greatly appreciated. ##
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.