Previous target hit! Now where the DOW is heading?
From my earlier post, I had mentioned that DOW will be reach around 25380 level, where the wave 4 of one lower degree is.
High Probability 1
Now, we can consider it had hit the target predicted. It completed the day with candle hammer reversal in indication the change of price movement/sentiment. Now it shows it had completed wave B of the big corrective(zig-zag) wave. Now, in consequence, the price will be headed south in the future. Where do you think the next target is for Wave C?
Probability 2.
If the price move upward break above support and resistance line 25380 level, we can assume that the sentiment has totally change from Bearish to Bullish.
Cheers. What do you think?
High Probability 1
Now, we can consider it had hit the target predicted. It completed the day with candle hammer reversal in indication the change of price movement/sentiment. Now it shows it had completed wave B of the big corrective(zig-zag) wave. Now, in consequence, the price will be headed south in the future. Where do you think the next target is for Wave C?
Probability 2.
If the price move upward break above support and resistance line 25380 level, we can assume that the sentiment has totally change from Bearish to Bullish.
Cheers. What do you think?
Comment:
The one lesser degree of wave 4 is around 25500.