Dow Jones - Wave 5 in the making?
Im looking for a last leg up towards the February top near 30.000 before I expect a larger correction.
Perhaps the 5 wave correction is already finished but I see a bit more room down (circa 300 points).
Next week the bulls should show their faces or else its to the graveyard with this one.
For the longer term its important to quickly conquer that February top or we'll end up with a double top. And remember: when you see a double top, you sell a double top.
Perhaps the 5 wave correction is already finished but I see a bit more room down (circa 300 points).
Next week the bulls should show their faces or else its to the graveyard with this one.
For the longer term its important to quickly conquer that February top or we'll end up with a double top. And remember: when you see a double top, you sell a double top.
Comment:
So far so good.
Trade closed: stop reached
Comment:
DJI broke support line and entered wave 1 territory.