DJI Rolling over- Textbook Rejection
Обновлено
Refer to J Murphy, Technical Analysis of the Financial Markets: Fig 4-10a; rejection, return to TL; rejection confirmed:
cdn.preterhuman.net/texts/unsorted2/Stock books 029/John J Murphy - Technical Analysis Of The Financial Markets.pdf
See p. 72; and discussion of reversal patterns with diminishing volume pp 103, 107/8; Fig 6.8c with discussion of wedges as reversal pattern, and volume on pp 147-150.
All this is THEORY. Trade at your own Risk; GLTA!
NB: DJI is STRONG SELL on multiple indicators, see investing.com:
investing.com/indices/us-30-technical?period=3600
IMO we could get a wee lift if you look back week of 19-23 October, a weak lift before the deep dump... will Santa save DJI?!
cdn.preterhuman.net/texts/unsorted2/Stock books 029/John J Murphy - Technical Analysis Of The Financial Markets.pdf
See p. 72; and discussion of reversal patterns with diminishing volume pp 103, 107/8; Fig 6.8c with discussion of wedges as reversal pattern, and volume on pp 147-150.
All this is THEORY. Trade at your own Risk; GLTA!
NB: DJI is STRONG SELL on multiple indicators, see investing.com:
investing.com/indices/us-30-technical?period=3600
IMO we could get a wee lift if you look back week of 19-23 October, a weak lift before the deep dump... will Santa save DJI?!
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