Dowjonesshort
SHORT INTRADAY AT 12121 AND TAKE PROFIT AT 11925SHORT INTRADAY AT 12121 AND TAKE PROFIT AT 11925
mARKET UP ON bIDEN wIN BUTR REMEMBER HE WANT TO UP THE TAX ON TECH
ANYWAY I ONLY PLAY THE PULLBACK FOR NOW BEFORE THE FOMC/FED OR ANY NEWS ABOUT SENATE OR HOUSE FOR ELECTION
WHILE HE WILL TOUCH MY TP I WILL NOT CUT BUT MADE A TRAILING STOP
SO I ENTER WITH 2 X1 LOT
THE FIRST LOTR I WILL CUT ATR AROUND 12000 FOR FULL PROFIT AND THE OTHER I WILL PUT A STOP AROUND 12080 AND EVERYTIME IF HE DOWN I WILL ADJUST IT
DOW JONES - Wave Revision - Ending Diagonal E Wave In ProgressDue to a lack of a move down in the market it has narrowed down the possibilities.
It appears as though we are still within a Wave D with an expanded (B) Wave.
The latest move appears to be an ending diagonal so I expect more choppiness until the E Wave completes.
Once Wave (B) completes we should head into Wave (C) before a top occurs.
Care needs to be taken at this stage due to the buying climax that will occur.
I don't expect this move to go above Wave ii of Wave E or 29,000.
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DOW JONES - Tracking Minor Waves - Wave 3 of Wave C In ProgressJust tracking some minor waves on this one whilst we wait for the correction of Wave ii of Wave 3 to finish unfolding.
There will be a chance to short this coming soon.
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DOW JONES - Tracking Minor Waves - Wave E In ProgressIf you have been following this latest move then you will understand what is going on here.
Overall we just need to complete the purple E Wave of the (B) Wave before we move higher in the larger Red D Wave til its completion.
Now: Speaking of the Blue Wave 2 within this E Wave I can see A, B and C done.
Wave D appears to have a complex (B) wave so there will still be a few more waves before further downside.
Only AriasWave can drill down to this level.
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DOW JONES - Wave Revision - Wave E In ProgressVery messy corrective price action has made this D wave difficult to identify as complete.
We could finally be seeing that E Wave from previous ideas.
Looking for a break of the lows to confirm.
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DOW JONES - Tracking Minor Waves - Tricky Wave D of D Looks DoneFinally it looks as if Wave E is in progress.
In this video I give you my interpretation of what is happening.
Corrective waves are tricky, I am expecting this to go lower from here.
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DOW JONES - Wave Revision - Expanding Leading DiagonalI have adjusted the wave count here. The waves fit the rules and guidelines of an expanding leading diagonal.
Each wave is longer than the previous. 3 is longer than 1 and 5 is longer than 3.
According to AriasWave there is no such thing as a triple zig zag plus we have also seen waves 1 and 2 before the diagonal.
Leading diagonals usually have deep retracements and we have seen it hit .886.
A break of 28,055 would invalidate this idea.
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DOW JONES - Tracking Minor Waves - Leading Diagonal In ProgressIn this video I once again analyze each wave to anticipate the next move coming this week.
We could be seeing what is the beginning of a large decline.
These are historic times, don't miss out on the action.
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DOW JONES - Tracking Minor Waves - Wave E Retesting 200 MAJust a follow up chart to my previous video linked below.
The E Wave is retesting a "decisive" break of the 200 period moving average on the hourly chart.
E Waves very commonly do this before continuing in the direction of the "decisive" break.
DECISIVE being the keyword here.
A break of the magenta line at the Start of the E wave will confirm Green Wave 3 is in progress.
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DOW JONES - Tracking Minor Waves - Green Wave 2 Almost DoneIn this video I the discuss the current E Wave price action and what to expect.
I am not expecting this move down to be a larger ending diagonal, just a straight 5 waves down.
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