DJI: one bearish possibility.

My last last posting on the DJI worked out well IF you didn't read my subsequent comments (poop). At the level labeled "d" a small triangle formed which I favored in real time that it meant more down action (wrong). Triangles are a double edged sword. Now we have another one it looks to me. Here is the bearish view. Watch for the break of the 2 hour uptrend line and the take out of the recent low.

Kommentera:

The triangle form obviously not correct. Here is another bearish way to look at it. We'll see. Short term uptrend broken on the 2 hour. If previous short term low taken out next day or two then this possibility more likely.

Kommentera:

Another way to look at this formation. We are at point where .a=.c, which is a common relationship.

Kommentera:

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