The Dow Jones Industrial Average (DJIA) is showing signs of forming a Crown Pattern, a bearish structure that often signals an impending reversal. This pattern consists of:
its also trading below 20 and 50 EMA
📊 Market Sentiment & Strategy:
from current levels a 3 to 4 % correction can happen which can be bounced again and finally followed by a 7-8 % correction.
Keep a close watch on this pattern as we may see the complete formation to happen in by May'25.
its also trading below 20 and 50 EMA
📊 Market Sentiment & Strategy:
from current levels a 3 to 4 % correction can happen which can be bounced again and finally followed by a 7-8 % correction.
Keep a close watch on this pattern as we may see the complete formation to happen in by May'25.
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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.