DJI reached resistance.
The price has reached the center of the wide ascending channel and a trendline that served as a bottom of an old channel that was broken during December dump - now it's a resistance.
I also see 2h divergences on 2h RSI on US30, but not on DJI yet. I think it will grind the resistance for some time, create more divergence and go for a pullback.
I also see 2h divergences on 2h RSI on US30, but not on DJI yet. I think it will grind the resistance for some time, create more divergence and go for a pullback.
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Looks like H&S. Even if not, it failed to stay above the resistance. I think it will go lower and drag other indices down.Note
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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.