DOW JONES May be starting a new Bull rally under our nose..

11 ott 2023

Dow Jones (DJI) is printing on its RSI on the 1W time-frame an astonishingly symmetric Higher Lows pattern as 2015/ 2016. As with today, the price was within a Rising Wedge at the time, making a fake-out bearish break but still was emphatically supported by the lower Bollinger. In fact the Bollinger Bands have been instrumental in containing the price action.

It we are indeed (based on the 1W RSI) on a bottom similar to October 31 2016, then a very aggressive Bull rally is about to begin. And as always the majority isn't taking notice.

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