Stock Charts: Breakdown Alert

February 21, 2023, 11:05 am EST

Breakdown Alert

When the alarm is sound, it reminds us to be alert for the coming breakdown. 

As published in the 02/09 article Late Stage – Convergence Pattern (DIA), today seems to be closer to the boundary point where one more step could result in a new trend. 

DIA is down about -460 points at this moment. In addition, losing 20 & 50 DMA is a bearish signal. Combing with the potential breakdown of the 2-3 months convergence pattern, the downside momentum could be up when after this pivot point. 

It is time to stay alert.

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