TheCryptagon

DOW JONES Above the 1day MA50 after almost 2 months!

Длинная
CAPITALCOM:US30   Промышленный индекс Доу — Джонса
Dow Jones / US30 crossed on Friday over the 1day MA50 for the first time since September 15.

It hit Resistance A (34150) which was the October 17th High and completed so far 5 green days in a row almost at the top of the Bearish Megaphone.

The long term pattern is a Channel Up, so there is still considerable upside left.

The 1day RSI also crossed over its Falling Resistance much like the March 29th fractal, which after a short consolidation on Resistance A, it hit Fibonacci 0.786.

Buy if the price crosses over the Bearish Megaphone and target 34950 (0.786 Fibonacci).

Previous chart:


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