This golden trendline (which is nothing but the speed of any stock or index) is working fine and DJI is respecting it. Going by it, the resistance seems a good one to break (on closing basis) and the ADX is going to pick up momentum. As long as DJI is below this line, one may look for shorting opportunities. If it stays below this line and ADX goes up, then we may see a sharper correction. (For educational purposes only)
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