Reasons:
- Daily trend line break (confirmed by 3 days)
- ADX is crossing up level 25, which if happens, signals a strong bearish market, considering -DI is in action.
- Vortex Indicator which works well on DJI, shows a cross up signal by level 1 with bearish outlook
- Price supported at 38% Fibonacci Retracement, now is resisting at 23%.
Good luck
- Daily trend line break (confirmed by 3 days)
- ADX is crossing up level 25, which if happens, signals a strong bearish market, considering -DI is in action.
- Vortex Indicator which works well on DJI, shows a cross up signal by level 1 with bearish outlook
- Price supported at 38% Fibonacci Retracement, now is resisting at 23%.
Good luck
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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.
Related publications
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.