DOW JONES Bottom formation completed.
Dow Jones / US30 has formed the 2nd leg of the bottom sequence on the Rising Support and the 0.236 Fibonacci level at the bottom of the Channel Up.
This is a similar formation to May, also on a Rising Support. Once the Falling Resistance broke, the price almost reached the 0.786 Fibonacci level, before making a Higher High.
The CCI between the two patterns is also indentical.
If the price crosses over the 4hour MA50, buy and target 35200.
Previous chart:
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This is a similar formation to May, also on a Rising Support. Once the Falling Resistance broke, the price almost reached the 0.786 Fibonacci level, before making a Higher High.
The CCI between the two patterns is also indentical.
If the price crosses over the 4hour MA50, buy and target 35200.
Previous chart:
Follow us, like the idea and leave a comment below!!
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