Dow Jones - Potential edging higher
Dow had a strong come back and in the hourly chart, the sub-5-wave impulse of the Elliott wave indicates that there is one more leg up in the 5th wave. Also, recent selling occur near the supply is weak and the formation of a larger bullish pennant signal Dow to make a bullish upside. Also, the smaller flag within the pennant signals a strong bullish desire.
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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.