Dear Everyone,
We are at critical moment at Dow Jones Index. If you will compare that index to gold (which is the real store-of-value with stable inflation 2% annually), there is formed a W pattern (which is bullish). However, RSI and MACD indicator suggest that bullish continuation might be difficult - especially when we are at the neckline of the pattern.
IMO this doesn't look catastrophic and does not predict the severe dump in the imminent, however, multi-week smaller correction and than sideways could be very possible.
Regards,
Paweł
We are at critical moment at Dow Jones Index. If you will compare that index to gold (which is the real store-of-value with stable inflation 2% annually), there is formed a W pattern (which is bullish). However, RSI and MACD indicator suggest that bullish continuation might be difficult - especially when we are at the neckline of the pattern.
IMO this doesn't look catastrophic and does not predict the severe dump in the imminent, however, multi-week smaller correction and than sideways could be very possible.
Regards,
Paweł
