This time to get more clarity on charts, I am taking 8 hrs chart. When will the up trend in DOW is confirmed to be broken?
Look at the chart. Dow broke the trend line to “1”, Retraced to “2”, which failed to breach the Highest High, even after two attempts. Now it is heading downwards. If point “3”, which is approximately at 12000, is breached, then the Up trend which stated in Nov 2010 can be considered to be Broken. The likelihood of such an occurrence is high.
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