Dow Jones: Bearish divergence on RSI.

OANDA:US30USD   US Wall St 30
DJI managed to recover the drop that (marginally) broke the 1D Channel Up resuming the bullish technical action ( RSI = 64.012, MACD = 186.600, ADX = 46.489, Highs/Lows = 130.1071). The RSI on the 1D chart is on a bearish divergence though and the last two times that happened the index dropped -3.20% and 5.13%. If the current bearish divergence follows the same patterns then we are looking at two downside targets: 27,965 and 27,400.

** If you like our free content follow our profile ( to get more daily ideas. **

Comments and likes are greatly appreciated.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out