Multi-Timeframe Analysis: Dow Jones May 2021
Hourly Chart: bearish bat ( Bearish )
Daily Chart: triple Doji and rejection at resistance level ( Bearish )
Weekly Chart: at the midline of the regression channel (Neutral)
Monthly Chart: we had 4 positive months in a row but in the last 3 months the energy to go up further became less and less (Neutral-Bearish)
Conclusion: Neutral-Bearish is the most probable scenario
Daily Chart: triple Doji and rejection at resistance level ( Bearish )
Weekly Chart: at the midline of the regression channel (Neutral)
Monthly Chart: we had 4 positive months in a row but in the last 3 months the energy to go up further became less and less (Neutral-Bearish)
Conclusion: Neutral-Bearish is the most probable scenario
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
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.