DJI
was strong enough to considerably bounce off the red strong trendline , it's actually quite a good first sign that it is strong enough to stay above the red trendline and/or the red rectangle area (24500-25250). In fact as long as it stays above the red rectangle area , Dow will be trying to break above the Major line (Green Line) .
The longer price remains above the white trendline , the better the chance for a break above the Major Line .
But if it fails to stay above the red rectangle and breaks below it , it would have a considerable probability to continue down , first, to the blue line (around 22500) .
Comment:
Zoomed Out :
Comment:
Weekly Perspective :
