DJIA: Daily chart - Breakthrough on the up trend and new lower highs and lows
Price below diagonal and horizontal resistance
Price action: Breakthrough of diagonal support and 23.6% of a fibro - negative signal
Indicators:
50 / 200MA: price below 50MA
DeM: Confirmation signal when passing below 0.3
CCI (50) Passes into a zone of over sales - a negative territory
SL: 20506
Sentiment: The negative sentiment in the stock due to geopolitical uncertainty has a negative impact on the indices, and this trend seems to remain the next few days.
Alternative Scenario: If the price goes back over the diagonal resistance, we may be a witness of false breakthrough and a new upward movement.
Trader I. Ivanov
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