Potential Crash for Dow Jones after breaking support today!

69
Due to Delta Variant worries the market had a decent dip today, but honestly that is the least of my worries. The support and resistance channel was broken pretty badly as seen by my blue lines. Also with MACD confirming a dip to the downside it seems this will be a long term trend. However RSI is at a lower so it seems we will see a bounce back within the next two days, but if that bounce back isn't able to go back into the channel it seems my potential line could sadly be true. The lines I drew are based off past support lines and fib levels. Remember I could be very wrong, and this 5-10% dip could not happen, please do your own research too!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.