>>> At the moment I see a continuation of the ABC correction, which, if May closes below 33965, would form the potential red wave 1.
Also, if this count is confirmed, the Dow Jones could move towards 35k again to form red wave 2 of a larger correction.
The high of June should be carefully observed, because without a new ATH one could ride red wave 3 - without risk - and participate well in it.
>>> With a new ATH, the indicated red wave 1 would have to be rewritten as wave 4 and only when wave 5 is finished, one should expect a longer correction.
Also, if this count is confirmed, the Dow Jones could move towards 35k again to form red wave 2 of a larger correction.
The high of June should be carefully observed, because without a new ATH one could ride red wave 3 - without risk - and participate well in it.
>>> With a new ATH, the indicated red wave 1 would have to be rewritten as wave 4 and only when wave 5 is finished, one should expect a longer correction.
Comment:
Here is the previous chart from April 21st.
Comment:
Timeframe H1:
- above the Kijun line remains long - blue path - target 34849 and after a possible correction 2nd TP 35011
- under the Kijun line = red path - destination 34567
>>> Just in case, keep an eye on the April 21st chart. Without another ATH this chart could get interesting.
From tomorrow I will be on vacation, so there will be no more posts from me until further notice.
Good luck to everyone... see you then.
- above the Kijun line remains long - blue path - target 34849 and after a possible correction 2nd TP 35011
- under the Kijun line = red path - destination 34567
>>> Just in case, keep an eye on the April 21st chart. Without another ATH this chart could get interesting.
From tomorrow I will be on vacation, so there will be no more posts from me until further notice.
Good luck to everyone... see you then.