DOW JONES may be entering a wide 4 month consolidation phase
Dow Jones / US30 reached the top of the historic Channel Up that started 2 years ago on October 3rd.
Technically that calls for a strong short. Last time that happened in April 1st, the index turned sideways on a wide consolidation.
The other 2 Higher High rejections caused Channel Down corrections.
Technically the time to rebound again will be closer to the 1week MA50 but that can be in December.
Until then, buy low and sell high within 42250 and 43350.
Follow us, like the idea and leave a comment below!!
Technically that calls for a strong short. Last time that happened in April 1st, the index turned sideways on a wide consolidation.
The other 2 Higher High rejections caused Channel Down corrections.
Technically the time to rebound again will be closer to the 1week MA50 but that can be in December.
Until then, buy low and sell high within 42250 and 43350.
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.