DOW JONES bottomed out on a 4 month Support!

1 de mar. de 2023

Dow Jones almost hit Support (2) at 32470 a level that worked out twice since November 9th 2022, starting strong rallies to 34390 (Resistance 1).
The same Declining Support on price - Rising Support on the RSI (4h) Bullish Divergence was formed on the December 20th bottom.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 33050 (MA50 (4h))
2. 33500 (MA200 (4h) and bottom of the Pivot Zone.
3. 34300 (under Resistance 1).

Tips:
1. The MA50 (1d) moves parallel with Support (2) and essentially has provided the same level of support pressure as that level. Trend changes long term if it breaks.

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