Positive global cues - breakout in DJI
As seen in the weekly graph Dow Jones Industrial Average Index had given a breakout from the parallel channel( indicated in bluish color). Which is a downtrend that started at the beginning of this year(2022).
*Adding to that, a slight RSI positive divergence could be observed( indicated as yellow circles).
*Also last week there is Doji formation in the weekly chart. Looks like the index is taking a rest and expecting the index to sustain above the 33200 level
*Adding to that, a slight RSI positive divergence could be observed( indicated as yellow circles).
*Also last week there is Doji formation in the weekly chart. Looks like the index is taking a rest and expecting the index to sustain above the 33200 level
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