Dow Jones Industrial Average Index

Short

Updated

Might be a sign of a reversal accumulation

As we can see, we might be witnessing a failed swing high on the higher timeframe. The only way this will be confirmed is if we break daily/ weekly strurctural lows and continue to fall. DXY seems bullish for the moment

Note

Structure will be seen better on the daily chart

Note

Nice drop heading to structural higher lows

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Also on:

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.