Bearish DJIA hidden divergence
Updated
The Dow Jones is still in a downtrend even though we had the recent bullish pullback an this is evidenced by the formation of hidden divergence. The formation of hidden divergence usually means a continuation of the established trend will continue. The red lines on the price action and on the MACD, give you the setup. My target would be 31,000 and then 28,750
The COT shows the Non-commercials are short.
The COT shows the Non-commercials are short.
Trade closed: target reached
closed trade 31,600
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