Dow Jones – The advent of Diagonal pattern on the 240minuteChart
There is the probability for the completion of the first 5 ascending wave of 1 / A
(Weekly Chart )
In the weekly chart, we had this wave counting, this uptrend is likely in the wave 5 from point of 1 / A.
( Daily Chart )
In the daily chart, with the end of wave 4 in the range of 18213.70, the 5th wave has started, currently the price is in the sub-waves of the V wave.
The Diagonal pattern is formed in the 240-minute chart, which can be ended in the range of 30325 to 30500, this pattern will be confirmed by crossing the price from the range of 29820.
The targets of this pattern are the range of 28920 (starting point of the pattern), by considering the gap, we can also include the range of 28440. The third target is in the range of 26143.
In the weekly chart, we had this wave counting, this uptrend is likely in the wave 5 from point of 1 / A.
In the daily chart, with the end of wave 4 in the range of 18213.70, the 5th wave has started, currently the price is in the sub-waves of the V wave.
The Diagonal pattern is formed in the 240-minute chart, which can be ended in the range of 30325 to 30500, this pattern will be confirmed by crossing the price from the range of 29820.
The targets of this pattern are the range of 28920 (starting point of the pattern), by considering the gap, we can also include the range of 28440. The third target is in the range of 26143.
