This minor wave update is part of my previous idea on the Dow Jones, see below.
This C wave is almost done we just need Wave 5 to complete and then see a sharp reversal.
A break of the end of Wave 4 (which is the E wave of Wave 4) will signify a reversal is in progress.
Wave 4: 24291 would be a good entry point or you can wait for a pullback.
Stop would be placed at the Wave 5 high which would be confirmed once this level is broken.
When executing this trade theoretically you will be trading start of the (A) wave of the coming D wave within Wave 2.
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This C wave is almost done we just need Wave 5 to complete and then see a sharp reversal.
A break of the end of Wave 4 (which is the E wave of Wave 4) will signify a reversal is in progress.
Wave 4: 24291 would be a good entry point or you can wait for a pullback.
Stop would be placed at the Wave 5 high which would be confirmed once this level is broken.
When executing this trade theoretically you will be trading start of the (A) wave of the coming D wave within Wave 2.
Please LIKE and FOLLOW to get notification of updates and future posts.
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.