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Dow Jones Index Outlook 21 Dec 2022

L'indice industriel moyen DOW JONES (TVC:DJI)  
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TVC:DJI   L'indice industriel moyen DOW JONES
Support and Resistance Multiple Time Frame Analysis Oscillators DJI djianalysis christmas recession Bullish Patterns Divergence Bullish Divergence rsidivergence
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supportandresistance mtfa oscillator dji djianalysis christmas recession bullish divergence bullishdivergence rsidivergence
DJI DJI is clearly moving in a downtrend direction in the 30m timeframe. However, it stopped making a lower low yesterday plus it has a bullish divergence signal between price and RSI.

This bullish divergence is signaling a chance of trend change to either a sideway or uptrend direction, which we need to monitor the price action today.

If the market opens within the range of 32650-33040, then it has a chance of trading in this range for today.

However, if the market chooses to gap open above 33040 then it will test at 33163 and 333000 respectively.

On the other hand, if the market gap opens below 32650 then it will test at 32470 and 32328 respectively
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