Warning lights are flashing trouble ahead for DJIA.
A move below the October 7 low would also punch below the blue support line and hint at further losses towards 17,000.
As an aside, I am also watching a potential Elliott Wave triangle which we are in the 'D' leg. This would suggest another bump higher that holds below 18,450 followed by an aggressive dump in pricing.
Both scenarios point towards lower levels.
Since we are sitting on support, see how the intraday momentum is shifting with GridSight.
A move below the October 7 low would also punch below the blue support line and hint at further losses towards 17,000.
As an aside, I am also watching a potential Elliott Wave triangle which we are in the 'D' leg. This would suggest another bump higher that holds below 18,450 followed by an aggressive dump in pricing.
Both scenarios point towards lower levels.
Since we are sitting on support, see how the intraday momentum is shifting with GridSight.
Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.