Is It Time For The Recovery? Or More Down Side? (DJI)
Their is a lot to study here.
Ever since our initial breakout we have not seen a retest on the breakout to test for a support.
Each impulse has decreased roughly by 7% each push back up.
The last wave was a 7% impulse as we reach the level of Resistance.
The decrease in buy percentage could represent a correction to come.
24815 is key break level for upside continuation.
If it did fail to breakout out I'd look to play a bounce off the downward breakout level to see if we can find support.
Total we have 5 waves up to current level. Could be end of a wave cycle.
I know that these times have impacted many lives and ultimately I just wish it would fly back up and the world can go back to work.
Very critical area for the stockmarket around these levels.
Enjoy.
Ever since our initial breakout we have not seen a retest on the breakout to test for a support.
Each impulse has decreased roughly by 7% each push back up.
The last wave was a 7% impulse as we reach the level of Resistance.
The decrease in buy percentage could represent a correction to come.
24815 is key break level for upside continuation.
If it did fail to breakout out I'd look to play a bounce off the downward breakout level to see if we can find support.
Total we have 5 waves up to current level. Could be end of a wave cycle.
I know that these times have impacted many lives and ultimately I just wish it would fly back up and the world can go back to work.
Very critical area for the stockmarket around these levels.
Enjoy.