If the index enters this yellow zone, it will be another 10% drop.
The next support levels are found at the Fibonacci retracement.
The DMI histogram is in an important region at -15.
Looking back to 1974, the indicator has been in this region 12 times.
4 times it continued down, and 8 times it reversed up.
The next support levels are found at the Fibonacci retracement.
The DMI histogram is in an important region at -15.
Looking back to 1974, the indicator has been in this region 12 times.
4 times it continued down, and 8 times it reversed up.
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Disclaimer
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To contribute to my work:
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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.