The Dow Jones Industrial Average’ (DJI) is preparing for a huge drop, according to the chart above, let's take a quick look.
On the chart:
- We can see that a new high was created on the 3rd October, which was quickly followed by a strong drop. Even though the Dow Jones created a new high, the MACD and RSI are going down, this is bearish divergence and a very strong one. - Last time we saw this type of divergence on the RSI was before the 2008 crash. - The RSI bearish divergence is also visible on the yearly time frame.
Yearly chart:
A strong drop is coming for the Dow Jones Industrial Average’ (DJI), you've been warned.
Note: This is no trade advice. This information is for educational and entertainment purposes only.
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Commentaire
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Signals are solidifying... More red will be coming.
Greetings, This chart is ready to see the correction, we all know is coming. HUGE BEASRISH Divergence and Death Cross, Lets remember 2008. It also cause the Crypto market to dump, most of my Alts and Bitcoin are Rolled over and we will see a very similar playout. Then you guessed it "Build back better" AKA block chain and all assets will be digital. "Bitcoin Bitoin Bitoin"