Dow Jones: Golden Cross on 4H. Strong buy opportunity.
The index is coming off a 1D Resistance (26,400) break out last week that practically broke the August consolidation range. The upside stopped on the median of the 1W Channel Up (RSI = 52.840, MACD = 209.700, Highs/Lows = 0.0000) just above the 4H MA200.
The candle action is very similar to the previous High-Low pattern, where after a the Death Cross confirmed the downtrend to a Higher Low, the Golden Cross confirmed the uptrend to the Higher High. The Golden Cross is about to take place on 4H and that should be your buy signal towards a new Higher High. We are willing to take that buy aiming at a Higher High price of 27,850.
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The candle action is very similar to the previous High-Low pattern, where after a the Death Cross confirmed the downtrend to a Higher Low, the Golden Cross confirmed the uptrend to the Higher High. The Golden Cross is about to take place on 4H and that should be your buy signal towards a new Higher High. We are willing to take that buy aiming at a Higher High price of 27,850.
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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www.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