nerdywasabi

DJIA - Still Bullish on Quarterly Chart - For Positional Players

Long
TVC:DJI   Dow Jones Industrial Average Index


1) DJI is taking support of 20 EMA on a 3M timeframe. Still Dec 2022 has 10 more trading sessions and I would eagerly wait to see where the monthly candle closes

2) RSI sort of made a double bottom and has started rising approaching the SMA. If it crosses the trend lines marked, expect a sharp bounce or sort of a breakout in Dow Jones.

3) Also please ignore the trend lines on the chart itself or WTF TL as those are my markings on small timeframes :-)

Let's see how the story develops. Best wishes!

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TIA!

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