My guess is should go much deeper in the buy area even to the green box.
Once this correction is over next to 1.257 to 1.2585
Getting ready for small last correction we making new highs. I would not trade it , it g0ing against the primary up trend.
Possible path for the very long term in the Dow, just a guess.
Next target is 1.30 area after the breakout, till then it might bounce around in range. It came to the buy area too soon timing wise.
Short till 1.2370 to 1.2320 then long again to 1.30 area.
Still bullish we should breakout for the next leg but within that leg this is a possible path.
Back to bullish , did not correct as deep as I projected, if the current move hold then we are should be going to the next major target of the next leg up. It should consolidate near the recent break out and then move higher. I hate trading breakout but it is what it is.
Sell zone in red . Short term sell but long term is very bullish.
We reached our target now we could correct .