DOW JONES Buy Signal

Pattern: Channel Up on 1D.

Signal: Buy as the price hit the 1D MA50 (blue trend-line) and the zone within the 1D MA50 and the 4H MA400 (yellow trend-line) has been a buy opportunity within the Channel Up. Also the previous -5% pull-backs have been buy opportunities, both of which made a bottom within that zone. In addition, the RSI bounced on its Support Zone.

Target: 35800 (every such pull-back has rallied +8% to the 1.5 Fibonacci extension).




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