limit by w.5 projection less than 123.6% from w.4 (assume 38.2% retracing).
Large common flat will be maximum posible correction. (dark blue)
1.Blue case 2.orange 3.Red (if lower dash red line), All are re-counted by original HEW.
No matter large-X repeat again or not, or complete with double flat though any triple ... small-x, entry point will follow price action + support-resistance zone + trend line + divergence + reasonable wave proportion.
First blue case already reversal this will confirm when price go above blue horizontal line ( w.(ii)) then find retracement oppertunity for entry. Second & third case will be elongated flat, and wait for bullish divergence.
high possibility to be elongated flat w.4 and may retrace to 33450 - 33400 end target.
This optional wave counting show wave continue in end of w.(c) of w.III of w.5 of w.(A) of w.3 which count from main DJI graph. Next step will be retracing to w.IV to support zone 34.1% or 53.8% in ZZ form (high possibility).
place structure as shown in worst case iv (yellow) wave still not finished it may be flat wave which start running down c wave thus shift SL to entry for minimize loss.
Alternation w.II & w.B which is Flat & triangle. There is lowest possibility to repeat Flat again,thus it will be triangle or w.B had completed in truncated ZZ already.
During in w.c of elongated ZZ w.iv to 61.8% retracement with 200% external w.c projection thus wait for bullish divergence... (i shift degree of wave up 4 step)
From fibo proj. of w.5 + w.(5) and w.c , they match at 100%, 123.6%, 300%. And fibo retracment of w.(b) which be 138.2% with resistance white trend line also.
2 possible rejection level may be end of w.4...
US30 start running last w.5 as shown, place order...
Now, running in w.c of w.3 next week will retrace to w.4 of w.c...
Now start to go downtrend of w.C , IMO, C-failure ( no new low).
Waiting for breaking out and rejection to S/R zone area.
Revised waves, w.4 had completed in 08-20 (wrong count for including it in w.c of w.3) and follow by w.5 which completed in 09-03, now is downtrend running in big w.c which composed of 5 waves in green label as shown in graph.