Dow Jones Transportation Average | Month-on-month, the trend has been higher with higher lows culminating in a rising wedge combined with negative divergence on the 7 and 14-Day RSI. We do however know that the upside breaks of rising wedges lead to trend continuations. A break above 12900 opens up a bullish break while a print below 12200 would see a bearish structure being triggered.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.