ForexPhantom
Long

DOW JONES - LONG after ABC complete

DJ:DJI   Dow Jones Industrial Average Index
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10
323 5
Dear community,

as I see it, the Dow Jones Index is currently in an underlying A-B-C correction before the final 1-2-3-4-5 impulsive wave starts to complete the overlying V of the cycle.

What does that mean?
It means that I am currently waiting for the A-B-C to finish before I go long, speculating on new highs. There are still a good few thousand points to grab direction north and I surely don't want to miss it.

I will keep posting updates on this idea, including when I open a trade and close it. If you like this setup I would be very happy if you give me a like or even better follow me.

Thank you and good luck.

x
Alysson
Comment: Wave b should be finished soon!
Comment: Looks like wave c has started. Patience is key!
Thank you. I have approximately the same.

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ForexPhantom TradingShot
@TradingShot, that looks good to me :)
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Great Chartwork and Interpretation. Very helpful. Thanks.
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ForexPhantom kayakhigh
@kayakhigh, thank you @kayakhigh . Good luck. Alysson xx
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