Dow Jones is highly overbought on the 1D time-frame (RSI = 74.321, MACD = 411.840, ADX = 51.669) and coupled with the price approaching R1 (35,530) and R2 (35,885), which form a HH Rejection Zone, the probability of a technical pull-back strengthens.
HH bullish legs inside the Channel Up get rejected after reaching a +6% rise, so even on that parameter, Dow is close. The 1D RSI is also almost on the HH trendline. Consequently we are going short, targeting the 1D MA50 (TP = 34,400).
Prior idea:
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HH bullish legs inside the Channel Up get rejected after reaching a +6% rise, so even on that parameter, Dow is close. The 1D RSI is also almost on the HH trendline. Consequently we are going short, targeting the 1D MA50 (TP = 34,400).
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。