DOW JONES Trading approach going into June
Dow Jones / DJI is trading inside a Channel Down pattern for more than a month.
The price is now under the 4hour MA50 and as long as it closes there, sell and target close to Support A at 32600.
A crossing (and candle closing) over the 4hour MA100 will be a short term buy signal targeting 33400 (top of the Channel Down).
A crossing (and candle closing) over the 4hour MA200 will be a long term buy signal targeting Resistance A at 34260.
Previous chart:
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The price is now under the 4hour MA50 and as long as it closes there, sell and target close to Support A at 32600.
A crossing (and candle closing) over the 4hour MA100 will be a short term buy signal targeting 33400 (top of the Channel Down).
A crossing (and candle closing) over the 4hour MA200 will be a long term buy signal targeting Resistance A at 34260.
Previous chart:
Follow us, like the idea and leave a comment below!!
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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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.