1) Dow Jones Industrial Average is still above its 50 week EMA.
2) It has formed a double top with a bearish divergence on RSI and Stochastic oscillator.
3) An ascending triangle formation is possible is the lower trendline is not violated.
2) It has formed a double top with a bearish divergence on RSI and Stochastic oscillator.
3) An ascending triangle formation is possible is the lower trendline is not violated.
Kommentera:
Moving towards the asc triangle bottom and 50 wk MA. Need to wait and watch what happens
Kommentera:
at the support
Kommentera:
Took support at the triangle bottom