TVC:DJI   Dow Jones Industrial Average Index
I’m good at dissection…

So this is how a reversal needs to look

Initial high then wait for lower high to give you three pivots for primary downtrend - pivots 0/1/2

When it breaks up out of that fork off the median it will give you pivots 3 and 4

You can then apply your pitch fan to pivots 0,3,4 give you the major downtrend

Pivot 5 usually takes multiple attempts to form and is only valid once it tests the pitchfan to give you a probable second pivot up

DJI is leading

GRI 2022

Pivot 5 (reversal) confirmed when it tests the pitchfan and then gets above the median from the new three pivot UPTREND

Dow is in an uptrend, highly likely it will hit the top of our turquoise fork…
Weekly is uber bullish
HH incoming

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.