DJCFD:DJI   Dow Jones Industrial Average Index
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look fr a trendline breakand close to retest the last swing low.... bearish cloud macd negetive.........looks like finally time's up fr u DJ.
Great call Akhil. What is the target for this down move? Thanks!
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@JMNIK, swing low of feb 9th is the immediate tgt.... though a measured move can take it down to 22800 levls..
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JMNIK akhil1206
@akhil1206, Thanks Akhil!
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Dear Akhil, looks like a triangle pennant which is usually a continuation pattern and so the breakout will be to the upside? Thanks.
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@JMNIK, i think the pennant is taking a lot of time ..more than 3 to 4 weeks old now ,,pennant is changing to a symmetrical triangle which cud be either rising or falling. As long as the bearish cloud is thr i am looking for a downside breakout..... i cud be wrong ......
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JMNIK akhil1206
@akhil1206, Thanks Akhil.
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