EWFcw

DJT - Elliottwave analysis - possible correction time

Short
DJ:DJT   Dow Jones Transportation Average Index
DJT - The transportation index seems completed impulse cycle from major bottom and should correct down. It is a sell set up with invalidation level above 12636.55 for abc down cycle. The overall correction should go down up to the level around 4th wave low near 11200 or even lower. There is always a possibility of further 5th wave extension, so if price break above 12636.60 then it may go higher.

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