DOW Long overnight and reaching Target of wave 5 tomorrow.

Long

Dow Jones Industrial Average Index (CURRENCYCOM:US30)

Updated

CURRENCYCOM:US30 Dow Jones Industrial Average Index

trendanalysis waveanalysis dow

See chart.

Comment:

Could be just an X. No super clear impulse up. I do calculate in that we could see another drop to 28500. Will not put my SL at 28611 but watch the patters if we get below. Rather would like to see more sidewave acction if market is not yet ready to rally. We do should see 29.000 this week.

Comment:

See new Chart... My guess yesterday was correct. It was just a X wave correction up and we see a new low for wave 4 today. That low is very nice and I got another position to go long. See new chart for more details.

Trade closed manually:

Closing 1st Position with small loss.

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