DOW JONES Channel Down bottom buy

Dow Jones / US30 hit the bottom of the Channel Down that is correcting the index to the Rising Support of the larger Channel Up pattern.

It did cross under the 1day MA200 (bearish) but on the other hand the 1day RSI is rebounding on the Oversold Support (bullish) like on the March 13th low.

Keep a tight SL on the low of the bottom candle and buy. Target 34400 (1day MA50).

Previous chart:


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