The DJI has finished a complete on the monthly tf while finishing the of the monthly 4A-5D drive.
The Bears were injected into the market on May '11 and have been building since then. $25,000 Phys number is being used as resistance for that price can manage to break above but it cannot close with a retest and a break higher for HH, to tag along with the at $25,000 an HNS pattern is forming which is a great reversal pattern in the markets. Price is sitting high above the 200-MA during the '08 crash the highs of the year was 45% away from the 200-MA The current highs at $26,961 sit 50% away from the 200-MA. Current
shows divergence with LH on the and HH on the charts which shows sign of Counter trend and or Trend Reversal in which I am more in favor of espically with the HNS patter that is sitting at a Phys number .
Personal Note: This can either be the end of the
DJI and start of BTC and or DJI can have a major reset down to $2,737 and lower and make a new fresh HL that will lead to the DJI back up to $25,000 and Higher
Decades until that will happen