๐บ๐ธDJI๐บ๐ธ Preview For Long Investing
๐บ๐ธDJI๐บ๐ธ Preview For Long Investing
Inflation is haunting the world , is this the collapse of stocks .
Check out the following DOW-related Technical Analysis
DOW , is still in an Uptrend position , in which this resistance continues to exist for quite a long time .
Since COVID-19, DJI has experienced a sharp decline towards the trendline. Since then, DJI has rebounded from its long-term trendline area.
Assuming this rebounding trend is supported by Elliott chart technical assuming the mid-term downtrendline exits and today stops at wave "C", supported by rebound after correction with Fibonacci 78.60% - 61.80% at 28498.26 - 31948.72 as a reference, DJI is again entering the Uptrend phase.
The chance for DJI
to return to the ALL TIME HIGH is very large , assuming the rebound target is in the area of 36870.80 - 34263.14
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