Reasons:
- Daily trend line break (confirmed by 3 days)
- ADX is crossing up level 25, which if happens, signals a strong bearish market, considering -DI is in action.
- Vortex Indicator which works well on DJI, shows a cross up signal by level 1 with bearish outlook
- Price supported at 38% Fibonacci Retracement, now is resisting at 23%.
Good luck
- Daily trend line break (confirmed by 3 days)
- ADX is crossing up level 25, which if happens, signals a strong bearish market, considering -DI is in action.
- Vortex Indicator which works well on DJI, shows a cross up signal by level 1 with bearish outlook
- Price supported at 38% Fibonacci Retracement, now is resisting at 23%.
Good luck
