I have been keeping a close eye on Dow Jones ever since it was about to finish its Wave 3 which I mentioned in my previous analysis stating that the correction is incoming.
Right now, I am anticipating bounce from current region as much as 100%+ of Wave 3 making the overall market structure to be Expanding Diagonals.
I have mentioned my primary Wave and Sub-Wave count in the chart.
Hoping for the best :)
Right now, I am anticipating bounce from current region as much as 100%+ of Wave 3 making the overall market structure to be Expanding Diagonals.
I have mentioned my primary Wave and Sub-Wave count in the chart.
Hoping for the best :)
Note
The recent downward move in last couple hours has made me change my mind regarding LTF situation.I closed my long at breakeven for now. Waiting for 1 last leg down and some confirmation on LTF before re-entering in Long.
Note
Another LTF bullish scenario is this one which is shown below consisting of Leading Diagonals.
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Related publications
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.