Dow Jones - Bullish Divergence - Long-Term Trade

The idea is to trade the bullish divergence and the bounce of the 200d EMA/uptrend line, which last 4 times indicated the medium term trend change. Alongside with the oversold RSI and STCH readings, it can potentially be quite a good trade with a pretty high RR ratio. Targeting the previously established all-time high and the SL below the recent low.
The long-term uptrend is still intact, thus expect US indices to reach new highs by the end of this year.

Trade stängt: Stopp nått