The Down Jones Index show price reversion, starting with the Elliot Waves count we can see wave development respecting Fibonacci Levels as much as Fibo retracement like Fibo extension confirming a possible new moviment reversion. Furthermore there are more patterns that indicate us, complementing our methodology.
Potential scenarios:
*Wave C
*The price make a new high in the subminutte Wave 5 going to the 200-261.8 fibonacci extension zone for later make the wave C
*Price going to 200-261.8 zones and breaking the triple module clavicle confirming the down of the price
*Fake Wave 4 finished and new Impulsive Wave
*WXYZ...
*
*
Potential scenarios:
*Wave C
*The price make a new high in the subminutte Wave 5 going to the 200-261.8 fibonacci extension zone for later make the wave C
*Price going to 200-261.8 zones and breaking the triple module clavicle confirming the down of the price
*Fake Wave 4 finished and new Impulsive Wave
*WXYZ...
*
*
Trade closed manually:
Closed 3/4 of position on profits and let the last 1/4 of position with the same stop, i don't like the new impulse