wolfah

DJI (Part 6) After the bull trap

TVC:DJI   Dow Jones Industrial Average Index
6
DJI "Minor"-wave 4 still under construction! Probably "Minute"-wave wxy-pattern correction with first wave "X" as a ZigZag and leg "Y" often ending as a triangle (Triangles alone precede the final movement of a larger trend. Triangles occur only as the final wave in a double or triple three. Counting 3-3-3-3-3, ABCDE). Suppose we are still in first impuls wave of A and today, we will see some further correction! -Trading channel (magenta) still valid! Time-frame for "Y": 8 to 20 days...
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