Originally worked on this 4hours ago
DJI is also at the 2022/2023 trendline.
It's also formed a Symmetrical Triangle - see previous
NDQ post .
Daily, the RSI broke the downtrend but it completely fizzled.
Weekly, the RSI is holding above the 50 area BUT it is testing it.
IF it breaks this 50 area we will likely have more downside.
Monthly, STILL Above the short term averages since crossing bullish in 2010.
#DJI #Stocks
DJI is also at the 2022/2023 trendline.It's also formed a Symmetrical Triangle - see previous
NDQ post .Daily, the RSI broke the downtrend but it completely fizzled.
Weekly, the RSI is holding above the 50 area BUT it is testing it.
IF it breaks this 50 area we will likely have more downside.
Monthly, STILL Above the short term averages since crossing bullish in 2010.
#DJI #Stocks
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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.