Wave-Trader
Long

DOW Jones Watch for the deeper correction for long

FX:US30   Dow Jones Industrial Average Index
Hi there.

Dow Jone recovered more than its 50 percent losses. We may see deeper pullback for more upside.

If you are not in for longer-term buy then wait for the deeper pullback or keep buying short term pullbacks and keep taking profit on a small pullback.


Or watch my updates.


Good Luck.
Comment: watch for the expanding triangle or let the price push higher and then wait for the correction.
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Thanks for your analysis.
It's great relief
But, don't you expect another recession ?
Some people are expecting that there will be a recession at 26000pt. Dow.
+2 Reply
What will be next move and target
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@Wave-Trader Your updates don't seem to work, something is going on. Only a breakout would confirm the up-side. This current structure still leaves question marks.
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I made a long article with a detailed explanation of the causes and consequences of events in the USA and in the world at every significant price movement of the index from 1915-2020. I also explained what potential price movements can be right now.
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Been waiting for entry. When do you think it will pullback?
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Do u also consider the number of touches when drawing your correction patterns?
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Hi Wave trader, i would like you to help me on the correct times to enter trades when trading impulse and corrections, and also the appropriate place to put my stop loss. im struggling with that
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Yup! I will watch your analysis
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Dow future failed to go up now as your charted
So, do you think it will go up after touching 22300 pt?!
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