TheLegoCrypto

DOW JONES - a difficult situation (bad looking)

DJ:DJI   Dow Jones Endüstri Ortalaması Endeksi
DJI
Dow Jones in a difficult position. (same for S&P which include 500 enterprises against 30 for DJI)

Pessimist/bearish scenario: to me the bubble is gonna pop soon, considering the bullish run of Dow Jones the past years, with an impressive exponential increase, I don't think it is sustainable. Possible H&S pattern forming. Current chart is very similar to the famous "Market Cycle Psychology" chart. Overlapped, even.

Optimistic scenario: its a correction, and a descending triangle is maybe forming, but more days are needed to confirm.
Not financial advice.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.