Descending Broadening Wedge for the DJI?!
It appears as though the DJI has found a micro bottom, expect a bounce to the downward sloping resistance of the broadening wedge near term.
I've placed a green finger to highlight the micro bottom of the pattern.
Currently trading under the 200DMA, historically this has been a great time to enter a position. The DJI doesn't stay under the 200DMA very long, over the past few decades this has been a buy signal.
I've placed a green finger to highlight the micro bottom of the pattern.
Currently trading under the 200DMA, historically this has been a great time to enter a position. The DJI doesn't stay under the 200DMA very long, over the past few decades this has been a buy signal.
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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.