Dow Jones (DJI) is consolidating on its 1W MA50 (blue trend-line) for the past month. Based on a remarkable cyclical frequency as the Time Cycles show, every time this 1W MA50 consolidation takes place since October 2011, it turned into the long-term Support that supported rallies of at least +40.94%.
As their 1M RSI readings also sync, we can expect the current consolidation to end soon and drive the market to at least a +40.94% rise from the 1W MA50. Our long-term Target on this is 59000.
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As their 1M RSI readings also sync, we can expect the current consolidation to end soon and drive the market to at least a +40.94% rise from the 1W MA50. Our long-term Target on this is 59000.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.