Sub corrective ABC is completed, Long again
Dow has completed its 5 wave impulse after a reversal at 29,000 resistance zone which I have highlighted before. The sell-down is a correction and price has swiftly reverse higher upon reaching 127.2% extension of wave A. Lets see if the index future can edge higher or not.
However, do take note of the resistance zones highlighted in the chart, should 29,000 fails to break, then we will see a prolong corrective flat.
However, do take note of the resistance zones highlighted in the chart, should 29,000 fails to break, then we will see a prolong corrective flat.
Trade closed: target reached
Firat target resistance profit took at 28,144. Subsequently got stopped out from BE SL
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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.