DOW JONES hit the 1D MA200. Buy fractal spotted.

Dow Jones has had a very sharp two-day pull-back, which hit today the 1D MA200 (orange-trend-line). That came off an Inverse Head and Shoulders pattern (IH&S) that continues to resemble that of June – July. With the 1D RSI hitting the Symmetrical Support level of the July 19 low which initiated the strong rebound to the 0.236 Fibonacci extension, I expect the same sequence to be replicated and hit 37000 by the end of next month.

Tradingview link:

https://www.tradingview.com/chart/US30/8f1JqpxZ-DOW-JONES-hit-the-1D-MA200-Buy-fractal-spotted