DJIDJI is clearly moving in a downtrend direction in the 30m timeframe. However, it stopped making a lower low yesterday plus it has a bullish divergence signal between price and RSI.This bullish divergence is signaling a chance of trend change to either a sideway or uptrend direction, which we need to monitor the price action today.
If the market opens within the range of 32650-33040, then it has a chance of trading in this range for today.
However, if the market chooses to gap open above 33040 then it will test at 33163 and 333000 respectively.
On the other hand, if the market gap opens below 32650 then it will test at 32470 and 32328 respectively
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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.