Dow Jones Industrial Average Index feed
Updated
Chances of Downtrend:
Price drop from resistance forming Inverse Cup and handle
Rising wedge reacting to lower resistance with MACD conforming, momentary downtrend, which has a high chance of breaking through weak support.
Chances of Uptrend:
Possible chance of a bullish rectangular pattern forming
Possible change in stocks
Possible news release
RSI may react with a potential buy signal
Conclusion:
Have a Sell stop order ready for below support, close at a suitable position.
Price drop from resistance forming Inverse Cup and handle
Rising wedge reacting to lower resistance with MACD conforming, momentary downtrend, which has a high chance of breaking through weak support.
Chances of Uptrend:
Possible chance of a bullish rectangular pattern forming
Possible change in stocks
Possible news release
RSI may react with a potential buy signal
Conclusion:
Have a Sell stop order ready for below support, close at a suitable position.
Note
We have seen a potential uptrend, which follows the rising wedge pattern, increasing the chance of a bounce from resistance.
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.