DOWI: Not enough momentum to jum over 16606
Timing and momentum are very important for me. At that very moment, we are most probably faced with a rising wedge to be confirmed of course.
If we do observe carefully William%R and RSI, we are not in an heavy overbought situation were the market would react brutally upward. Instead, we are on a midway of little raising period.
Therefore, I don't think that DOWI may yet go and stay above 16606 my personal reference point.
If we do observe carefully William%R and RSI, we are not in an heavy overbought situation were the market would react brutally upward. Instead, we are on a midway of little raising period.
Therefore, I don't think that DOWI may yet go and stay above 16606 my personal reference point.
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