Thats a nice pattern on DJIA; five up and now three down underway, so ideally more gains will come, but after wave C down that is still missing. We may see a bounce later this week from around 32500-32800 area.
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Accoring to counting Elliott waves in daily time frame , probably Tesla is in wave D. So because bc=61.8%ab , dc is predicted to reach 161.8% bc, or pullback to bound the peak of fourth wave.Now it seems no long or short position but if seen return sign maybe can take short position with 720$ SL and 600$ area for TP.
786. RETRACEMENT TP AT 26.50 GOOD ENTRY AT 25 OR CHEAPER 1-3 DAY TRADE
Hi friends the daily chart of this market shows that it will experience an uptrend in the next few days but at the same time one must be vigilant of the placement of the stop loss and the level of profile to gain. please subscribe to receive more analysis
Stock Pullback completed and coming weeks we will see a new round of sell-off. All explanation on the chart please have a look entry 🛑SUPPORT/RESISTANCE ✅S1= 9000 ✅S2=8400 ✴️R1=9300 ✴️R2=9700 Please like, share, comments and follow me to get daily base analysis Thank you for your support, I appreciate it.
$CHWY is looking for its support. After break out, it is bounced above the pivot resistance.