On the chart:
- We can see that a new high was created on the 3rd October, which was quickly followed by a strong drop. Even though the Dow Jones created a new high, the and are going down, this is divergence and a very strong one.
- Last time we saw this type of divergence on the was before the 2008 crash.
- The divergence is also visible on the yearly time frame.
A strong drop is coming for the Dow Jones Industrial Average (DJI), you've been warned.
Note: This is no trade advice.
This information is for educational and entertainment purposes only.
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- You can expect a little consolidation and then another drop.
It can affect the crypto market in a positive way if people flight from there.