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k314
Oct 12, 2018 3:27 PM

DJI weekly chart analysis 

Dow Jones Industrial Average IndexTVC

Description

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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