Much can be written about DJI and it is worth spending many hours analyzing it.
The first arrowed green candle looks like an exhaustion candle but 40% of it consists of a body on the upper portion of it. And because of that demand seemed more and it pushed the index higher.
The second arrowed candle is a typical exhaustion candle with a body that consist 15% of the candle.
After this candle, there are 3 years of price leveling.
If there has to be a move upward without correction of any sort, I expect another 103% increase in the index for the years to come.
The first arrowed green candle looks like an exhaustion candle but 40% of it consists of a body on the upper portion of it. And because of that demand seemed more and it pushed the index higher.
The second arrowed candle is a typical exhaustion candle with a body that consist 15% of the candle.
After this candle, there are 3 years of price leveling.
If there has to be a move upward without correction of any sort, I expect another 103% increase in the index for the years to come.
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