Geofftv1

US30 - Possible extended 5th wave and top.

Short
Geofftv1 Updated   
FX:US30   Dow Jones Industrial Average Index
US30 has broken through the long term trendline back to Jan2016 and is in a possible throwover extended 5th wave.
At 23558 US30 will reach 1.618 * waves 1 to 3 which is a normal length of extended 5th waves. If correct expect a sharp reversal
once this point is reached. Good Luck
Comment:
At 23558 subminuette waves 3 and 5 are equal! Watching with great interest and taken short position now.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.