Dow Jones hit the 1day MA200 yesterday and failed to close over it.
As a result, the price got rejected and started pulling back today.
Based on the 1day RSI, we could be in a minor corrective candle similar to March 22nd, which found Support between the 0.618-0.786 Fibonacci range.
Buy on the 0.618 Fibonacci and target 35000 (Resistance A).
Previous chart:
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As a result, the price got rejected and started pulling back today.
Based on the 1day RSI, we could be in a minor corrective candle similar to March 22nd, which found Support between the 0.618-0.786 Fibonacci range.
Buy on the 0.618 Fibonacci and target 35000 (Resistance A).
Previous chart:
Follow us, like the idea and leave a comment below!!
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