🔴Dow oversold. But its a relative term. Weekly RSI < 40 (36)
🔴SAR-Mean reversion system has given sell signal in weekly.
🔴Price trading below major moving avg in daily & weekly TF
🔴Below 31148 it can break swing low & head towards 29731
Since 2021 DOW - Khaya piya kuch nahin glass toda bara ana.
On a verge of breakout from falling wedge pattern. If happens it bullish sign and for more confirmation need to cross swing high of 35700.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
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