FX:US30   Index of top 30 shares on Wall Street
120 2 4
The DOW seems to respect the top trendline at this time.
IF a 5 wave reverse is in play ---> wave 2 ended with a 88% reverse of wave 1.
A break of 17105 can validate the 5 wave drop.

However,there is a possibility DOW will make a new ATH             that would invalidate the ABC pattern
In that scenario we could have a 5 wave up move,a break up of 18012 will validate that.

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Yeah ...It could go either way here ..find it difficult so see clear signs. But never the less great chart
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Geert2000 PRO WallStScalper
a year ago
Thx,yes i am a bit in the dark here too.
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