Dow Developing Minor Wave X
The Dow has begun minute wave C of minor wave X. Minor wave X should take prices down to at least 31951, possibly lower. After minor wave X completes, prices should continue higher during minor wave Y.
Theoretically, the preferred target for wave 2 after a leading diagonal in wave 1 is the 0.786 Fibonacci level. This means that minor wave Y should take prices up to about the 35390 level.
Theoretically, the preferred target for wave 2 after a leading diagonal in wave 1 is the 0.786 Fibonacci level. This means that minor wave Y should take prices up to about the 35390 level.
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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.