Dow Jones hit the bottom of the Channel Down and is immediately reacting with a rebound.
The price also closed above Support B. The RSI missed the oversold level by a narrow margin and this is identical with the September 27th market bottom.
Our medium term target is 33450 (Top of Channel Donwn and on top of the Harmonic Resistance).
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The price also closed above Support B. The RSI missed the oversold level by a narrow margin and this is identical with the September 27th market bottom.
Our medium term target is 33450 (Top of Channel Donwn and on top of the Harmonic Resistance).
Follow us, like the idea and leave a comment below!!
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