DJCFD:DJI   Dow Jones Industrial Average Index
Pattern: 1H Channel Up.

Signal: Bearish as the price failed to break the medium term Higher High trend line (bold black) was rejected sideways and formed a Death Cross (MA50 crossing below the MA200) while the 1H RSI is trading on a bearish divergence.

Target: 28,030 (1H Support) and 27,800 (4H Support).
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Looks very likely to happend. Great catch, thanks for posting. From the very long term view I see stocks entering blow off top zone with some last possible crazy fomo runs but recession over the corner
+1 Reply
@Anoinvest, Wow I can't comment on that doomsday scenario but I can definitely see the recent rally cooling down!
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