DOW JONES Buy opportunity on the 1D MA200 and 0.618 Fib


Pattern: Channel Up on 1D.

Signal: Buy as the price reached both the 0.618 Fibonacci retracement level as well as the 1D MA200 (orange trend-line). The last parameter to fulfil is the RSI Support, so allow margin for one last low at the bottom of the Channel Up.

Target: 36500 (Resistance and All Time High) and 37000 in extension (Higher High of the Channel Up).

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