DJI - Rising Wedge
Hello Fellow Traders,
There appears to be a rising wedge formation on the DJI. The initial drop brought the DJI to the 38.2% fib line. If/When this rising wedge breaks down it should bring it back to the 38.2% fib. I am not going to foretell the future, but a retrace to 50% (22358) and 78.6% (19916.59) wouldn't be a wild guess.
Let's see how this goes. Only time will tell.
There appears to be a rising wedge formation on the DJI. The initial drop brought the DJI to the 38.2% fib line. If/When this rising wedge breaks down it should bring it back to the 38.2% fib. I am not going to foretell the future, but a retrace to 50% (22358) and 78.6% (19916.59) wouldn't be a wild guess.
Let's see how this goes. Only time will tell.
Trade active
It appears rising wedge is confirmed. Watching. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.