Dow Jones is having a confirmed bullish breakout singal as it crossed over the short term Channel Up while holding the MA50 (1d). This is a channel inside the longer term pattern of a Channel Up since the March Triple Bottom.
Trading Plan: 1. Buy on the market price. 2. Buy if the price crosses above Resistance (1). 3. Sell if the price crosses below Support (1).
Tips: 1. The RSI (1d) is at a level symmetric to January 11th when again the price crossed above a short term Channel Up after rebounding on the MA50 (1d). It reached 34350 shortly after.
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