The Dow Jones Industrial Average Index (DJI) is getting closer to a strong drop.
Last time we looked at divergence, the same as with the S&P 500 Index as these charts are almost identical. Today we will be looking at a double top formation plus the same signals we saw on the SPX MACD.
Let's get started... Perhaps you want to hit LIKE now before moving on... Thanks a lot for the support.
Dow Jones Industrial Average Index (DJI) Chart Analysis
The double top is marked with yellow circles on the chart above. Double tops are normally followed by a drop. There is also a shooting star candlestick on the second 'top'.
Next, we look at the MACD, here is a screenshot:
MACD Histogram is moving in favor of the bears.
MACD Bearish crossover.
As you can see, these signals, coupled with the bearish divergence we saw in my previous analysis, all point to an upcoming crash.
What's your take on the Dow Jones Industrial Average Index (DJI), will it crash or continue moving up?
Leave your thoughts in the comments section below.
Namaste.
Comment
⋅
The weekly chart is even more telling. Here we can see the double top and rising wedge pattern:
Previous analysis:
Comment
⋅
Going according to the chart.
Comment
⋅
I will take another look at the Dow Jones.
Comment
⋅
Dow Jones (DJI) Hidden Bearish Divergence (Crash Ahead)
"Excellent Post" --- Thanks --- 3-3-2019
"DJIA" is very overbought at this time.
Using Ultimate Oscillator Daily Chart -- 17-33-42 and 42-33-17 -- 33-17-42 and 42-17-33 -- 17-42-33 and 33-42-17
These numbers work with all markets and other indicators --- Monthly Chart to one Minute Chart
Wave 1 up topping min.
Wave 2 down min. should start soon.
Other Very Bearish Wave Counts do exist.
For information only
"God Bless America"
"Democtatic Sicialism" in the "U.S.A." --- "Sucks"
"One Eye Jim"