Based on my technical analysis, there is a great possibility that the Dow Jones will be in a strong bearish movement for the whole year of 2022.
From March 23rd, 2020 until the end of December 2021. Dow Jones was in a strong bullish movement. On January 10th, 2022 there was a weekly bearish candle that had broken the uptrend line. Signaling and confirming a bearish reversal. There was also a double top pattern that was forming before the uptrend line was broken, which is another confirmation of the bearish reversal. Indicators and price action as well confirmed a bearish reversal for me.
If you agree with my analysis please like or comment your input.
From March 23rd, 2020 until the end of December 2021. Dow Jones was in a strong bullish movement. On January 10th, 2022 there was a weekly bearish candle that had broken the uptrend line. Signaling and confirming a bearish reversal. There was also a double top pattern that was forming before the uptrend line was broken, which is another confirmation of the bearish reversal. Indicators and price action as well confirmed a bearish reversal for me.
If you agree with my analysis please like or comment your input.