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ScotianBot

Descending Broadening Wedge for the DJI?!

L'indice industriel moyen DOW JONES (TVC:DJI)  
ScotianBot  
TVC:DJI   L'indice industriel moyen DOW JONES
Trend Analysis Chart Patterns Support and Resistance DJI dowjones Broadening Wedge Descending Broadening Wedge index
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trendanalysis chartpattern supportandresistance dji dowjones broadeningwedge descendingbroadeningwedge index
It appears as though the DJI has found a micro bottom, expect a bounce to the downward sloping resistance of the broadening wedge near term.

I've placed a green finger to highlight the micro bottom of the pattern.

Currently trading under the 200DMA, historically this has been a great time to enter a position. The DJI doesn't stay under the 200DMA very long, over the past few decades this has been a buy signal.
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