So we have a relief rally up. But when you look, it's still a downward channel .
What do we have:
-Downward channel
-Fib 61.8° (around 33626)
-Now already a Hidden bearish divergence (Black arrow), but IF the DJI continu to go up more, then it's creating even more hidden bearish divergence (see the other black arrow)
Also on the top part of the downward channel there's the 200EMA.
What do we have:
-Downward channel
-Fib 61.8° (around 33626)
-Now already a Hidden bearish divergence (Black arrow), but IF the DJI continu to go up more, then it's creating even more hidden bearish divergence (see the other black arrow)
Also on the top part of the downward channel there's the 200EMA.