DOW JONES - Tracking Minor Waves - Is This The Top Of Wave D? Short

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Description

⋅ Jan 28, 2021 8:50 PM

There a few signs that this market has topped as per my previous ideas.

I have made a slight wave revision based of a couple of minor waves which give this indication.

We have also seen a break of an important trend-line which should not be ignored.

See related ideas below.

Remember to use Disciplined Money Management Principles to ensure longevity as a trader.

Comments

Rossie19

⋅ Jan 29, 2021 7:53 PM

Good one

Decentralize_Deez_Nuts

⋅ Jan 28, 2021 9:31 PM

I'm still siding with your previous count where we are still in a wave 4 before final wave 5 to end the D wave. There is some confluence with other charts I'm watching, where I'm expecting a double top just like before the crash last year, DOW to 31500 to end wave 5 of the D wave.

AriasWave

⋅ Jan 28, 2021 11:09 PM

@Decentralize_Deez_Nuts, Definitely a very strange 5-Wave move we are seeing however sometimes we over complicate things. I guess we will find out soon enough what the deal is.

TheSignalyst

⋅ Jan 28, 2021 9:02 PM

I love and respect video analysis

AriasWave

⋅ Jan 28, 2021 11:07 PM

@TheSignalyst, Thanks again!