Trend is confirming my BEARISH view on DOW30
Below 23300, we will not have any doubts left about the upcoming bearish trend.
So far, the index has been floating above the horizontal support, but it seems it does not have enough strength to move higher.
Macd on daily chart is still positive, but it is really close to move below the zero line.
Below 23300, bulls will finally loose the battle.
So guys, let's monitor that area.
Thank you,
Simone
So far, the index has been floating above the horizontal support, but it seems it does not have enough strength to move higher.
Macd on daily chart is still positive, but it is really close to move below the zero line.
Below 23300, bulls will finally loose the battle.
So guys, let's monitor that area.
Thank you,
Simone
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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.