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bryonss

Resuming previous lower trend channnel

Indice Dow Jones Industriel Moyen (DJ:DJI)  
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DJ:DJI   Indice Dow Jones Industriel Moyen
Trend Analysis
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trendanalysis
Drop below the middle trend line into the trend channel that held from Sept 2009 until Nov 2017. The November 2017 breakout ended Feb 2018 and is now on bottom of that trend line. It could drop down into the previous trend channel that has lasted a long time and could endure for the rest of 2018.
Commentaire:
If it drops into lower channel, it could fall 22% to the next trend-line, but there is no horizontal support line there.
Commentaire:
It stayed in the second trend channel for 7 months and is likely to continue in this channel for several months, or a year.
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