Dow Jones corrective rally progresses towards 25800/26000

The hourly chart presented here is indicating that Dow Jones could be into wave C rally of the projected A-B-C corrective rally that began from 24100 levels, on October 29, 2018. Believe it or not, the corrective rally has unfolded and is progressing pretty as projected earlier and resistance might be strong around the 25800/26000 levels going forward. It would be a safe trading strategy to consider taking short positions around the above levels, with potential risk above 26950 levels and target potential below 22500/23000 levels going forward. Please note that the current rally seen in the Dow Jones is corrective in nature and one should remain careful not to get trapped on the wrong side. Overall, selling on rallies could be our medium term trading strategy.


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