DJI Short Potential
Possible Rounded top
Bearish divergences on the 4h: Hist, RSI, OBV, VWMACD
Bearish Divergences on the 3D: RSI, Stoch, MOM, OBV, CMF
The latest bounce from Jan 24th hit the .618 fib retracement level from the drop Jan 5th - Jan 24th
RSI is decreasing on the 4h, 1D
MACD is decreasing for 4H
Short entry: $35,089
Stop: $35,405
TP1: $34,106
If support breaks at $34,000 expect further decline towards $30,000
Bearish divergences on the 4h: Hist, RSI, OBV, VWMACD
Bearish Divergences on the 3D: RSI, Stoch, MOM, OBV, CMF
The latest bounce from Jan 24th hit the .618 fib retracement level from the drop Jan 5th - Jan 24th
RSI is decreasing on the 4h, 1D
MACD is decreasing for 4H
Short entry: $35,089
Stop: $35,405
TP1: $34,106
If support breaks at $34,000 expect further decline towards $30,000
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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.