Here's an update of DJIA. Last night it hit the 50% fib of the July high/August low. And sharply retreated. That is an indication that the rally may be coming to a quick end.
Also looks like a bear flag. A continuation bear flag, which means the down trend resumes. The classic level is the length of the decline --2200 points, so approx to 9600.
NOTE: that sort of pattern, like ALL patterns, does not necessarily have to play out.
- Forums
- ASX - By Stock
- thursday's distant voyage
Here's an update of DJIA. Last night it hit the 50% fib of the...
-
-
- There are more pages in this discussion • 84 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
8,075.7 |
Change
87.800(1.10%) |
Mkt cap ! n/a |
Open | High | Low |
7,987.9 | 8,079.0 | 7,979.5 |
Featured News
XJO (ASX) Chart |