tRex88

DJI weekly chart analysis

TVC:DJI   Dow Jones Industrial Average Index
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.
Comment: Moving towards the asc triangle bottom and 50 wk MA. Need to wait and watch what happens
Comment: at the support
Comment: Took support at the triangle bottom
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