So if you look at the chart, we can see a HH after a LH and now again a LH. Or will we go back to the top again around the 37000 and test that resistance line again? (i don't believe it)
Also can see a bearish divergence ( black arrows)
Yes a while ago it crossed the support line and my thoughts was that we're on the way to the around 32000 zone.
If you look we retest it once and later on it broke that line BUT not so convincingly (imo) and now there is a doji (undecided candle)
Just a matter of time DJI will go down.
Actually this is necessary. That finally something will happen with the big inflation. That are my thoughts about it.
Also can see a bearish divergence ( black arrows)
Yes a while ago it crossed the support line and my thoughts was that we're on the way to the around 32000 zone.
If you look we retest it once and later on it broke that line BUT not so convincingly (imo) and now there is a doji (undecided candle)
Just a matter of time DJI will go down.
Actually this is necessary. That finally something will happen with the big inflation. That are my thoughts about it.
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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.