Down Jones---Bears appear (?)
Updated
The Down Jones Index show price reversion, starting with the Elliot Waves count we can see wave development respecting Fibonacci Levels as much as Fibo retracement like Fibo extension confirming a possible new moviment reversion. Furthermore there are more patterns that indicate us, complementing our methodology.
Potential scenarios:
*Wave C
*The price make a new high in the subminutte Wave 5 going to the 200-261.8 fibonacci extension zone for later make the wave C
*Price going to 200-261.8 zones and breaking the triple module clavicle confirming the down of the price
*Fake Wave 4 finished and new Impulsive Wave
*WXYZ...
*
*
Potential scenarios:
*Wave C
*The price make a new high in the subminutte Wave 5 going to the 200-261.8 fibonacci extension zone for later make the wave C
*Price going to 200-261.8 zones and breaking the triple module clavicle confirming the down of the price
*Fake Wave 4 finished and new Impulsive Wave
*WXYZ...
*
*
Trade closed manually
Closed 3/4 of position on profits and let the last 1/4 of position with the same stop, i don't like the new impulse
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.