SkylinePro

Global Dow - end stage of counter-trend rally

SkylinePro Updated   
DJ:W1DOW   Dow Jones Global
As forecasted in the April 7 post, Global Dow surpassed the target at 377 and just crossed the 0.618 retracement, typical of second waves. Intermediate wave C is tracing minute wave 3 up, therefore we may see a probable additional growth of 5% before the trend reverse in direction to new lows. A possible target is at around 410. If the index cross down 354.80 the probable scenario is that the trend already reversed. FOLLOW SKYLINEPRO TO GETUPDATES.
Trade closed: target reached:
Price reached target range and reversed as predicted. See updated post.

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.