Dow Jones Industrial seems to have bounced off the bottom support line of its parallel channel suggesting the corrective pattern found support and may be complete. If the pattern is complete support will hold and price will exit through the middle and upper trend line of the channel. If the pattern is bearish price will continue to fall.
Note: Minute a-b-c (circles) correction is shallow for a wave 2 so it could be something else in progress.
Note: Minute a-b-c (circles) correction is shallow for a wave 2 so it could be something else in progress.