This is a wave analysis of Dow Transportation Index. It is now downward phase inside Green Flag Zone. Almost breakdown through the bottom line of Yellow Channel Zone. Due to the vertical width of Green Flag Zone, its downward target will be at 7700.
I would say that mid-summer rally will be coming later.
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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.