1W DOW: Likely continued and accelerated correction incoming
As above and per my previous publications.
1W chart shows that the 50 HMA very likely is going to cross the 350 HMA in the next 4-6 weeks, which indicates a continued and accelerated down trend. 1W indicators including RSI still still trending down as well.
Looking at 29000 and 26000 as possible near term targets.
Good luck traders!
1W chart shows that the 50 HMA very likely is going to cross the 350 HMA in the next 4-6 weeks, which indicates a continued and accelerated down trend. 1W indicators including RSI still still trending down as well.
Looking at 29000 and 26000 as possible near term targets.
Good luck traders!
Note
Yep. Tic toc goes the clock.Note
First target of 29K reached!
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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.