Get started
BASRAOIL_LIMITED

Dow Jones Industrial Average (DJIA) Monthly Chart Trend

Dow Jones Industrial Average Index (DJ:DJI)  
BASRAOIL_LIMITED Updated   
DJ:DJI   Dow Jones Industrial Average Index
Trend Analysis Chart Patterns djia DJI DOW dowjones Stocks markets corona
5
1
trendanalysis chartpattern djia dji dow dowjones stocks markets corona
To hell with Corona, Super-cycle
uptrend is intact as long as price
kept trading inside the channel.
However multi weeks sustain
trading below the 20,000 price tag,
then we can say the historical
top has been already seen and
a new major bearish trend has
established.
Comment:
The market in a 4th wave correction mode. A drop to 19000/20000 is confirmation of
M/T and/or long term bottom.

Only sustain trading below the channel lines negate the stock market recovery.
Personally, I feel after the expected final drop, we could see a rally or sideways consolidation inside the channel trend line.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.