We interpret the current downtrend of the Dow Jones as a temporary correction. The turnaround area should be around 34358 points, which we are about to reach. However, there is still plenty of room on the downside. In total, the Dow should fall to 33623 points at max. Below that line, we will face bigger corrective patterns.
Waiting is key!
Waiting is key!
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
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.