Dont be too happy or sad about Dow Jones because we wont know what will happen next. Is this a dead cat bounce or a discount buy?
It look like the whipsaw is stabilizing but we are still uncertain about it.
Observation
1) Trendline - Downtrend- (Bearish)
2) Formed lower low - (Bearish)
3) MACD - Formed 4R1G (Bullish)
4) RSI - Broke above 30% (Bullish) -
5) Sto - Formed Bullish Crossover and broke above20% (Bullish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick - Hanging Man (Bearish)
4 Points
3 Points
Winner Bear ( Throw down wrestling style)
Let wait for Dow Jones to formed a higher low or higher high first before going for long because it maybe a higher low.
Let wait for Dow Jones to formed a higher low or higher high first before going for long because it maybe a higher low.
Entry Price 11575
Resistance at 11765 and 11876
Support a 11000, 10710 and 10510
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