$DJI Dow Jones SHORT TARGETING 24000 BEARISH TREND weekly chart

Rejection from the resistances trend was harder than should be we can see weakness on RSI on weekly chart and its broken down the uptrend started by 2019 and bottom of Jun . this should be very negative signal as it suggested 2-3 weeks of deep fast decline similar to last year drop .. till RSI bottomed on weekly chart then can start long uptrend safely .. Stochastic showing similar pattern than what happened at the end of last year .. again its suggested other 2-3 weeks of continuous decline .. its ugly chart :) but can consider any bounce as opportunity to exist for current short bearish trend .. most of indicators on daily are oversold or at buying limits but weekly suggest other 2-3 weeks then can start strong uptrend with good support .. area between 23600-24000 is potential goal

コメント: