Dow Jones / US30 reached our desired buy level based on our last idea (chart at the bottom), which is exactly at the bottom of the 11 month Channel Up.
It kept the 1week MA200 intact once again (has been since October 2022), so that maintains the long term trend bullish.
The shorter pattern is a Bearish Megaphone and as mentioned previously, our target is for the time being and until a break out takes place, inside this pattern.
Target 33600, which is under the 1week MA50, under which all of October's candles have closed.
Previous chart:
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It kept the 1week MA200 intact once again (has been since October 2022), so that maintains the long term trend bullish.
The shorter pattern is a Bearish Megaphone and as mentioned previously, our target is for the time being and until a break out takes place, inside this pattern.
Target 33600, which is under the 1week MA50, under which all of October's candles have closed.
Previous chart:
Follow us, like the idea and leave a comment below!!
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