This is a monthly candle chart. Applied Fibonacci levels to 2008 highs and 2009 lows. Dow Jones index tested a crucial Fibonacci level of 2.618 at 26500 in January and failed, looks like its going for a retest now. Observe the RSI divergence below Will it succeed? Depends on lot of Global factors and US elections...
עסקה פעילה
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DOw seems to be struggling at 26500. Correction may be possible from these levels.
הערה
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As predicted Index is rejecting the 2.618 retracement. Expect more downside as long as 26500 is not taken out on a weekly basis.