Here is my wave count using fib levels for the DJI (DIA). Note the candle wick making a perfect touch of 1.786 fib. I think that this week could be another down week looking to form the wave 4 of this uptrend. I marked some key support areas on the chart. If this does turn out to be a wave 4, the rule is that they rarely exceed 30% pull back of wave 3. I have also marked that on the chart.
4h
2h
Hope it helps.
4h
2h
Hope it helps.
Comment:
Whole lot of nothing today. Just resting on top of the rising wedge feeling out the market.
