We held 209 therefore look for a ABC rally now
The chart posted is the Dow jones transportation etf IYT i have now labeled the drop in what seems to be a 5 wave drop into the last stand support 209 this a place we should now see an large ABC and we should see .236 to .382 of the drop in a counter trend rally
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.