Dow Jones Industrial Average (DJI) Preparing for a Huge Drop!
Updated
The Dow Jones Industrial Average’ (DJI) is preparing for a huge drop, according to the chart above, let's take a quick look.
On the chart:
- We can see that a new high was created on the 3rd October, which was quickly followed by a strong drop. Even though the Dow Jones created a new high, the MACD and RSI are going down, this is bearish divergence and a very strong one.
- Last time we saw this type of divergence on the RSI was before the 2008 crash.
- The RSI bearish divergence is also visible on the yearly time frame.
Yearly chart:
A strong drop is coming for the Dow Jones Industrial Average’ (DJI), you've been warned.
Note: This is no trade advice.
This information is for educational and entertainment purposes only.
Thanks a lot for reading.
Namaste.
P.S. If you enjoyed this post please like and follow.
On the chart:
- We can see that a new high was created on the 3rd October, which was quickly followed by a strong drop. Even though the Dow Jones created a new high, the MACD and RSI are going down, this is bearish divergence and a very strong one.
- Last time we saw this type of divergence on the RSI was before the 2008 crash.
- The RSI bearish divergence is also visible on the yearly time frame.
Yearly chart:
A strong drop is coming for the Dow Jones Industrial Average’ (DJI), you've been warned.
Note: This is no trade advice.
This information is for educational and entertainment purposes only.
Thanks a lot for reading.
Namaste.
P.S. If you enjoyed this post please like and follow.
Note
Signals are solidifying... More red will be coming.
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