A possoible Extened Flat correction is forming , with B wave u will think the price is going higher but it will suddunly turn down after reaching 138 -161.8 fibonacci to complete the correction in a strong and fast C wave .
Best luck .
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this is an e.g of this wave , like what happened in SPX500 in 1 hour today : expected to be the same in DOWI
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Becareful from this C wave it will come suddunly and fast .
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Once Willims indicator is below 20 , it will confirm that all B wave is finised and we are going to C down . Pricw still up and dint confirm yet , but be close to the next move .
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waite till confirm
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we can compare the dowi with aapl , as we started correction in aapl so we will follow in DOWI but let the price take its action 1st as there are still a space to go up :
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we are going to the target area . willims srill up in wave B , WE NEED TO BE CAREFUL AFTER 21--6-2017
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We are in the yellow area now becarefull about suddun drop of price .
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WE ARRE TRADING BELOW -20 WILLIAM , THIS SIGNAL AN MORE DROP :
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dowi with negative diavergance in RSI :
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Parabolica
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Thank you... You are one of the best EW-traders around... Not only here in the Tradingview-environment... Superb!!!
hussain9
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@Parabolica, thanks for your nice wards and welcome all the time .