{"id":12241,"date":"2022-07-08T08:42:21","date_gmt":"2022-07-08T08:42:21","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12241"},"modified":"2023-05-11T08:47:48","modified_gmt":"2023-05-11T08:47:48","slug":"dow-jones-attempting-a-1d-ma50-break-out","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/07\/08\/dow-jones-attempting-a-1d-ma50-break-out\/","title":{"rendered":"DOW JONES attempting a 1D MA50 break-out"},"content":{"rendered":"

 <\/p>\n

Dow Jones (DJI) reversed last week’s pull-back and is on a nearly perfect repeat of the last rebound to the top of the long-term Channel Down in an attempt to price a new Lower High. As most recently mentioned 3 weeks ago on our idea below, the Channel had already formed its short-term bottom:<\/p>\n

\"DOW<\/a><\/div>\n

At the moment, based also on the 1D RSI fractals, it appears that we’ll break the 1D MA50 and aim for at least 32800 as a Lower High with a more optimistic estimate on the 0.618 Fibonacci retracement level (33300).<\/p>\n

The 1W MA200 (red trend-line) is right below the Channel Down and as we’ve mentioned numerous times on our Channel is the long-term market Support. Breach of that level with a weekly candle closing should immediately test the -0.236 Fib extension and then pursue lower targets on the weekly from there. If that happens we’ll follow up with extensive updates.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/US30\/Q6jVSSIK-DOW-JONES-attempting-a-1D-MA50-break-out<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  Dow Jones (DJI) reversed last week’s pull-back and is on a nearly perfect repeat of the last rebound to the top of the long-term Channel Down in an attempt to price a new Lower High. As most recently mentioned 3 weeks ago on our idea below, the Channel had already formed its short-term bottom:<\/p>\n","protected":false},"author":611,"featured_media":12242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1639],"tags":[],"class_list":["post-12241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stockindices"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12241"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12241\/revisions"}],"predecessor-version":[{"id":12245,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12241\/revisions\/12245"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12242"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}