The Dow Jones Industrial Average (US30) is showing signs of a potential short opportunity, according to the latest Elliott Wave analysis. 📊 The wave count indicates that the index has completed a five-wave upward move and is now poised for a correction. The chart identifies key retracement levels around 39,603.22, 39,531.55, and 39,459.88, which correspond with the 0.382, 0.5, and 0.618 Fibonacci levels respectively.
This setup suggests that the market might experience a pullback, offering a strategic short entry for traders looking to capitalize on the anticipated decline. The clear wave structure and precise retracement levels provide a robust framework for this potential trade.
If you're looking to take advantage of the market's current momentum, now might be an opportune time to consider a short position in the US30. Whether you're a seasoned trader or honing your strategy, this analysis equips you with the insights needed to navigate this setup effectively. Let's aim for profitable trades as we follow this short opportunity!
This setup suggests that the market might experience a pullback, offering a strategic short entry for traders looking to capitalize on the anticipated decline. The clear wave structure and precise retracement levels provide a robust framework for this potential trade.
If you're looking to take advantage of the market's current momentum, now might be an opportune time to consider a short position in the US30. Whether you're a seasoned trader or honing your strategy, this analysis equips you with the insights needed to navigate this setup effectively. Let's aim for profitable trades as we follow this short opportunity!
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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.