The Dow Jones Industrial Average broke out of the channel briefly just to break back in. This is termed a fake break. It retested the breakout yesterday and failed. This is usually an indication of more weakness to come. Bottom of this channel is now the likely target. It is -4.8% away.
Penafian
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.
Penafian
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.