karndam

DOW : Channel trade?

INDEX:DOWI   DOW Industrials
58 0 3
DOW, it can look like the same of SPX500             and NAS100             ,
However, i think it can trade in channel. It is downtrend channel and it is break TL in weekly chart.
It will go to sideway for a while.

Comment: I forgot that RSI is bullish divergence in the last two lows.
Comment: Now it is going to the top TL.

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