$DJI looking good but OMINOUS longer term pattern emerges
Good Morning!
Since the call on
DJI
, it has been up & adding some more today.
Within 2 weeks
DIA
is going to break down OR it will continue it's longer term up trend.
Bulls like this current action.
HOWEVER, there is an ominous pattern forming on longer term charts.
A Rising Wedge pattern tends to be BEARISH.
Not coincidental that the peak is very close to the all time highs on $DJI.
(Not shown here, pls see profile for more info)
Monthly
DIA
has been trending inside it PERFECTLY!
It's going 2b an interesting end of year
Coincidentally, the pattern resolves in December.
Since the call on
DJI
, it has been up & adding some more today. Within 2 weeks
DIA
is going to break down OR it will continue it's longer term up trend. Bulls like this current action.
HOWEVER, there is an ominous pattern forming on longer term charts.
A Rising Wedge pattern tends to be BEARISH.
Not coincidental that the peak is very close to the all time highs on $DJI.
(Not shown here, pls see profile for more info)
Monthly
DIA
has been trending inside it PERFECTLY! It's going 2b an interesting end of year
Coincidentally, the pattern resolves in December.