DOW JONES Best buy entry on a 7 month basis.

2023년 10월 26일

Dow Jones is approaching Support (1) and the Rising Support of the 2023 Channel Up.
The Support (1) level has been holding for 5 months.
Based on the Falling Resistance that initated the current correction and the rejection on the MA50 (1d), the price action is identical to November 2022 - March 2023 so far.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 34800 (Falling Resistance).

Tips:
1. The Sine Wave tool very accurately displays the Cycle of peaks and bottoms since late 2022 and shows the price is on the most optimal bottom buy level time wise.

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Notes:
Past trading plan: