Hello, everyone!
Dow Jones INDEX:DJY0 is forming the bullish wolfewave.
If the price goes South within the indicated borders of FIBO fan (38.2-61.8), it'll shape the classic WW pattern which represents an interesting opportunity as potential long setup.
GL All and profitable week!
Dow Jones INDEX:DJY0 is forming the bullish wolfewave.
If the price goes South within the indicated borders of FIBO fan (38.2-61.8), it'll shape the classic WW pattern which represents an interesting opportunity as potential long setup.
GL All and profitable week!
Comment:
Even though initially it didn't look like this, sudden fallback of DJIA and its fast return to previous positions created point V precisely at planned location being supported by really high volume. Didn't have an opportunity to follow this move today. However, I would expect the price to keep going to designated point 6 :-)
Comment:
And it really worked, TP was reached successfully.