DOW JONES Next stop 37000
Dow Jones held the MA50 (4h) today after the initial NFP decline.
This keeps the Channel Up intact on its upper layers, aiming for a new Higher High.
Trading Plan:
1. Buy as long as the MA50 (4h) holds.
2. Sell if it breaks.
Targets:
1. 37000 (Fibonacci 1.78 extension, like the Nov 15th Higher High).
2. 35700 (bottom of Channel Up).
Tips:
1. The RSI (4h) rebounded exactly on the level (Support 1) the Nov 9th did. The two legs are so far very symmetrical and promt to the extension of the Channel Up.
Please like, follow and comment!!
Notes:
Past trading plan:
This keeps the Channel Up intact on its upper layers, aiming for a new Higher High.
Trading Plan:
1. Buy as long as the MA50 (4h) holds.
2. Sell if it breaks.
Targets:
1. 37000 (Fibonacci 1.78 extension, like the Nov 15th Higher High).
2. 35700 (bottom of Channel Up).
Tips:
1. The RSI (4h) rebounded exactly on the level (Support 1) the Nov 9th did. The two legs are so far very symmetrical and promt to the extension of the Channel Up.
Please like, follow and comment!!
Notes:
Past trading plan:
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Penafian
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