DOW JONES starting a bullish streak to 48500.
Dow Jones / US30 is trading inside a Channel Up since August 2022 and is right now on the 3rd straight green 1week candle.
Even though it is approaching the top of this 2.5 year pattern, the upcoming Bullish Cross on the 1week MACD indicates that the rally that is starting could be of a similar magnitude like November 2023 and October 2022.
Consequently, we expect this to reach at least the 2.0 Fibonacci extension on a diverging Channel Up.
Target 48500.
Previous chart:
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Even though it is approaching the top of this 2.5 year pattern, the upcoming Bullish Cross on the 1week MACD indicates that the rally that is starting could be of a similar magnitude like November 2023 and October 2022.
Consequently, we expect this to reach at least the 2.0 Fibonacci extension on a diverging Channel Up.
Target 48500.
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)!💰
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