DOW JONES Take profit soon. Pull back expected.
Dow Jones is almost on Resistance (1) at 34530 with the top of the dotted Channel Up just over it at 34700.
That is a level where the buy profits from the MA50 (1d) buys should be realized and then wait for a break out or pull back in order to continue buying.
Trading Plan:
1. Sell within 34600 - 34700.
2. Buy if the (1d) candle closes over 34700.
3. Buy on the MA200 (1d) at 33500.
Targets:
1. 33500 (MA200 1d).
2. 35400 (near the top of the yellow long term Channel Up).
3. 34900 (Resistance 2).
Tips:
1. The RSI (1d) is posting a sequence similar to the February top. That started a significant medium term correction.
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Notes:
Past trading plan:
That is a level where the buy profits from the MA50 (1d) buys should be realized and then wait for a break out or pull back in order to continue buying.
Trading Plan:
1. Sell within 34600 - 34700.
2. Buy if the (1d) candle closes over 34700.
3. Buy on the MA200 (1d) at 33500.
Targets:
1. 33500 (MA200 1d).
2. 35400 (near the top of the yellow long term Channel Up).
3. 34900 (Resistance 2).
Tips:
1. The RSI (1d) is posting a sequence similar to the February top. That started a significant medium term correction.
Please like, follow and comment!!
Notes:
Past trading plan:
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