Mentorship

Mentorship

Dow

1 Aug 2019 ‚óŹ 07:09 AM

Dow fell all in one day breaking down from a small descending triangle. However it is also at the 40dema and lower Bollinger band support. So this level is key to an immediate sell off, else we might bounce around in this 26700-27500 range for a while making a triangle topping pattern. Today's reaction was to the event but we need to see what happens afterward, based on follow up action. No doubt this is a topping process from the 2018 trendline at the top.

dow 010819

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