DOW JONES Strong rebound on its 4H MA50.

Dow Jones (DJI) is having a strong rebound exactly on its 4H MA50 (blue trend-line). This is taking place just after the price broke above the Bull Flag that served as the accumulation pattern following the previous Channel Up.

This is a repetitive pattern and most likely we will now see the new Channel Up starting. The technical Target on such formations is the 2.0 Fibonacci extension at 48000.

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