Dow Jones - sell on 4H - time for a sell off
Market price moves within down trend structure on 4H chart after retracing near all time high and breaking down the drawn up trend line. Market looks like he will retest the down trend resistance line which is now support line. If market doesn´t fall back into down trend channel expect a new all time high in 2019.
-MACD baselines crossed bearish which brings buyers into the market
-RSI is already in down trend correction movement
-Bollinger bands stopped to grow in up side direction and the channel getting tighter again, expect incoming correction movement
-MACD baselines crossed bearish which brings buyers into the market
-RSI is already in down trend correction movement
-Bollinger bands stopped to grow in up side direction and the channel getting tighter again, expect incoming correction movement
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
