Dow Jones Industrial Index Rising Wedge 2022-scenario

30 thg 7, 2019

This longer timeframe trend analysis of the Dow Jones-index (DJI) suggests that the index will remain in bullish territory for at least 2021 (ceteris paribas). Volatility is higher than in previous years though, momentum-indicator shows this. The RSI-indicator supports the idea the DJI is indeed forming a wedge, it follows the same pattern. Advice: short/sell positions at the top of the rising wedge. Buy/long opportunities on its lower leg. Watch out for break outs on top or bottom: would signal end of pattern forming.