This chart looks at DJI since 2009 to present on log scale and clearly shows a channel and fib timezone.
DJI clearly broke the channel downwards in late 2018 and has strongly bounced to retest the channel in early 2019.
What next? My own thoughts are bearish as DJI was rejected at the channel high on strong bearish RSI divergence.
I think the next few weeks after the spring equinoxwill provide a clearer picture on what comes next!
Good Luck
DJI clearly broke the channel downwards in late 2018 and has strongly bounced to retest the channel in early 2019.
What next? My own thoughts are bearish as DJI was rejected at the channel high on strong bearish RSI divergence.
I think the next few weeks after the spring equinoxwill provide a clearer picture on what comes next!
Good Luck