Dow Jones hit today its MA200 (4h) and rebounded. This has come too close to the bottom of the Rectangle pattern that dominates the price action in the past 3 weeks.
Trading Plan: 1. Buy on the current market price. 2. Buy again if the price closes above the Falling Resistance.
Targets: 1. 44450 (MA50 4h and Falling Resistance). 2. 45000 (top of Rectangle).
Tips: 1. The RSI (4h) got oversold and rebounded like on the February 3rd Low. Strong buy signal.