The Dow is breaking down as shown by the fan and double top.
Price is testing resistance following a short-term correction.
Short if resistance is confirmed.
A significant downside potential exists mid- to long-term as price drops towards the next trend line.
Price is testing resistance following a short-term correction.
Short if resistance is confirmed.
A significant downside potential exists mid- to long-term as price drops towards the next trend line.
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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.
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.