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$DJI / #DowJones | 4H Trade Setup Update ● Current Status: DJI is trying to find support at the 50-
1 year ago
64
$DJI / #DowJones | 4H Trade Setup Update
● Current Status: The Dow Jones Industrial Average (DJI) is trying to find support at the 50-period moving average.
● Technical Indicators: Falling Money Flow: Indicating decreasing buying pressure. Rising Momentum: Showing a strengthening trend. Bottoming Stochastic RSI: Suggesting potential for upward movement.
● Outlook: Traders should monitor for sustained support at the 50-period moving average. The combination of rising momentum and bottoming stochastic RSI, despite falling money flow, suggests a potential reversal and upward move. Look for confirmation of sustained upward momentum before making trading decisions.
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