“DJIA Rally Continues, but Caution Is Advised for the Next Move”
The current strengthening of the DJIA is estimated to be part of wave iv of wave (iii). Pay close attention to the potential short-term upside, as the index may retest the 42,230–42,716 area.
Trade closed: target reached
Dow Jones Update: The upside target has been reached. The index is now expected to undergo a short-term correction, testing the 41,356–41,522 range. The probability of a rebound suggests a potential retest of the 41,668–41,887 area.
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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.