DJI Double Top (Bearish Divergence)
Let me begin by saying Im new to charting and currently trying to learn and expand my skills. My thoughts are that the DJI will fill the gap around 26,450 and then it will begin the decline phase. The volume has been decreasing fairly significantly since February and the price has been climbing suggesting there is a bearish divergence. Im not very knowledgable with Fibonacci patterns but if my fib chart is set up correct the .618 level is around the 21,250 range. I do not currently have any trades in progress and this is primarily myself trying to learn how to chart.
All comments are welcome. LACES OUT!
All comments are welcome. LACES OUT!
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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.