DOW JONES Crossed under the MA50 (4h), first time in a month

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Dow Jones crossed under the MA50 (4h) today for the first time since March 24th.
Even though that's a bearish bell, the 1 month Channel Up is intact, thus the trend remains bullish.

Trading Plan:
1. Buy as long as the price stays inside the Channel Up.
2. Sell if it crosses under the MA100 (4h).

Targets:
1. 34950 (Rising Resistance 2).
2. 33000 (MA100 1d).

Tips:
1. The RSI (4h) is inside a Channel Down ever since Dow started to diverge inside a Bullish Megaphone. This is an indication of a potantial pattern chance from more aggressive bullish to less aggressive bullish/ neutral.

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Notes:
This is a continuation of this trading plan:

DOW JONES Top of the Channel Down but will it stop there?

Penafian

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