STOCH: This indicator clearly shows an oversold situation on 1D and lower time frames! Only on weekly and monthly, the indicator is still increasing
Line Study: Another rising is probably forming, which would be a signal.
According to Wyckoff-Accumulation, DOW is probably in phase D, with a possible sidewards reaction.
During the coming week, we will see 25000 and if this wave 3 pattern is real and the DOW continues to rise 26000ish (1,618) should be possible.- So far, I wait for confirmation signals for a up or down move...
Point A and Point B cannot be assigned to as wave 1 and as wave 2 on a daily basis! I tried this, but it was not accepted.
My algos only accept an A and B for these two points! -This would open the door or give us a further indication, the whole correction, starting 2018-01-29, is not over yet!
Line study: Just before market close, the lower supportline of this pennant has been broken. (Poss. bear trap?)