DOW JONES: Short term trade.

Dow Jones has formed a Triangle pattern on the 4H timeframe with the technical outlook primarily bullish (RSI = 63.320, MACD = 81.030, ADX = 45.324) as the rise in the past 7 days has been very aggressive. We will take a short term trade on Dow following the breakout outside the Triangle.

Over it, we will buy and target the dotted HH trendline (TP = 34,800) while under it we will sell and target the 4H MA50 (TP = 34,250).

Prior idea:


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