vanathi

Dow Industrials - Taking rest!

Short
vanathi Mod Updated   
DJ:DJI   Dow Jones Industrial Average Index
6
Dow is in distribution phase. Upward trend line has been broken. RSI shows negative divergence.
As per Dow's theory, line indicates movement. Dow forming a line indicates a big movement is coming soon. Longer the line formation faster the movement. https://in.tradingview.com/chart/QtD56IkU/
Trade active

Roles I play here : Author, Analyst & Moderator.

Free Telegram Channel. t.me/Analysis4Newbie
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.