It seems that Dow as become a little tired of rally and according to my Elliott counting
it is probably in the end of wave c of abc of 4 (I did not mentioned here this correction) cycle. Indicators, sentiment, momentum and also volume are confirming exhaustion in this INDEX and what we need to accept it is a strong declined break-out and then making a bearish impulse and then pass the GREN confirmation (Support) levels step by step to make us confident that DOW is reversed.
For now just wait and see
Thanks
it is probably in the end of wave c of abc of 4 (I did not mentioned here this correction) cycle. Indicators, sentiment, momentum and also volume are confirming exhaustion in this INDEX and what we need to accept it is a strong declined break-out and then making a bearish impulse and then pass the GREN confirmation (Support) levels step by step to make us confident that DOW is reversed.
For now just wait and see
Thanks
Comment:
what I am counting for now is an impulse that will be wave 1 Minor(Minuette waves of wave 1 Minor completed today morning) till tomorrow.
Tomorrow can be good moment to get this bearish wave.
Consider that I said "MAYBE".
we will have to get confirmations
Tomorrow can be good moment to get this bearish wave.
Consider that I said "MAYBE".
we will have to get confirmations
Comment:
Downtrend reversal has not invalidated yet and just shaping its wave 2 or B.
Invalidation is 39053.62
Invalidation is 39053.62
AMA
Please do not decide in rush and wait till we can count a 5 wave declined and also get the confirmation level 2 (most important).
Be safe