Hellena | DJI (4H): Short to support area 33679 (Wave 3).

Dear Colleagues, I assume that the price will soon start corrective movement 2, after which I will consider only short positions with the aim to reach the support area 33679.41.

Manage your capital correctly and competently! Only enter trades based on reliable patterns!

Comment:

Dear colleagues, the previous target 33679 remains in priority. Perhaps the price will make an upward movement to the resistance area of 35000, after which I will consider only short positions.

Comment:

At the moment the question is - is the price in wave 3? If the price updates the level of 35100, then we will have to completely revise the waves. But at the moment the scenario remains the same and I expect that the price will reach at least the level of 34100, after which I recommend either to close short positions or to transfer them to breakeven.

Trade closed: target reached:

It is recommended to close short positions on DowJones since the cost of the trading instrument has come as close as possible to the target level of 100% Fibo extension (34072).