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DJI trapped!

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Trapped between these very important retracements. They act as price magnets, and significant support/resistance levels.
These were drawn with the magnet tool, so there is no bias towards their positions.

Do note that we are analyzing the DXY*DJI chart, which shows us a clearer picture of recent price action.

A closeup.
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Are we in UTAD?
DJI | Wyckoff Distribution


And another beauty...
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Tread lightly, for this is hallowed ground.
-Father Grigori
Not
The violation of this trend marks the end of QE. This shows the true effect. I hope you all understand it.
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With Green and Red arrows, I have marked the points I used to draw the rays.

These long-term rays, prove as significant resistance.
Hitting one of them, was a fundamental reason the Black Monday was so severe.
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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.