Technical Analysis : Dow Jones Industrial Average - The real crash may be ahead of us


USA | EQUITIES | TECHNICAL ANALYSIS
• The current picture resembles the pre-crash moment of the DOT-COM BUBBLE and SUBPRIME MORTGAGE CRISIS

The DJIA index falling 661.89 points(3.69%) from last week could be the finishing touch to the real crash

CHARACTERISTICS OF A CRASH

What it looked like before the DOT-COM BUBBLE crash (Weekly timeframe)
1) Price started to show real signs of weakness with big bearish bars usually BEARISH ENGULFING BAR and BEARISH OUTSIDE BAR ranging from 3.47% to 10.71%.

2) A strong close below the 60 week moving average.

3) The 20 week moving average crossed below the 60 week moving average eventually.

4) Price made a last surge back above the 20 and 60 week moving average before closing back below which turned out to be the start of the crash. (Read Report)

Source : Phillip Securities Research

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