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DOW JONES Key trade focused on the MA50 (4h).

CAPITALCOM:US30   Dow Jones Industrial Average Index
Dow Jones has been trading inside a Channel Up since the October 27th Low.
The MA50 (4h) has been the main support throughout this time, having stayed unbroken since November 1st.

Trading Plan:
1. Buy on the current market price as long as the MA50 (4h) holds.
2. If the MA50 (4h) breaks, sell.

Targets:
1. 38550 (+4.06% rise, the lowest throughout the Channel Up).
2. 36400 (the MA200 4h).

Tips:
1. The RSI (4h) has been trading under a Falling Resistance, which indicates a potential Bearish Divergence. It favors a break under the Channel Up.

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Notes:
Past trading plan:


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