It appears as though the DJI has found a micro bottom, expect a bounce to the downward sloping resistance of the broadening wedge near term.
I've placed a green finger to highlight the micro bottom of the pattern.
Currently trading under the 200DMA, historically this has been a great time to enter a position. The DJI doesn't stay under the 200DMA very long, over the past few decades this has been a buy signal.
I've placed a green finger to highlight the micro bottom of the pattern.
Currently trading under the 200DMA, historically this has been a great time to enter a position. The DJI doesn't stay under the 200DMA very long, over the past few decades this has been a buy signal.