ARIASWAVE MARKET UPDATE - DOW JONES - Real Wave E In Progress?
We just broke support and that can only mean that the recent Zig-Zag was part of the last move.
That move was an extremely drawn out Wave (c) of Wave D since the March 2020 lows.
If that is that case then we may be looking at another steep plunge similar to the one we saw in March 2020.
The next few waves could create a short setup depending on how they form from this point on.
If we break the last all-time-high from here in an extremely impulsive manner then we could be looking at a completed Wave iv and the beginning of Wave v.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
That move was an extremely drawn out Wave (c) of Wave D since the March 2020 lows.
If that is that case then we may be looking at another steep plunge similar to the one we saw in March 2020.
The next few waves could create a short setup depending on how they form from this point on.
If we break the last all-time-high from here in an extremely impulsive manner then we could be looking at a completed Wave iv and the beginning of Wave v.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
