DJIA (Dow Jones) – Primary 4 – Bearish Trend
DJIA (Dow Jones), as per the current Wave Count, has finalized the Bull Cycle for Primary 3 (blue).
We could be witnessing in the months ahead a Bear Swing so abrupt that it would tag the 21600.00 Levels.
Dow Jones is showing signs of exhaustion, with the Bearish Divergence confirming a possible drop and Bearish Break-out.
Primary 4 (blue) Correction should swallow 15% of its gains.
*This article represents a continuation of the “US-Indices – SNP500 – DJIA30 – Bearish Reversal” post.
2H Chart (picture):
2H Interactive Chart:
Dow Jones – Primary 4 – SELL Position:
Entry – 24600.00
SL – 25200.00
Targets – 24200.00 / 23500.00 / 22800.00 / 22200.00 / 21600.00
1 Comments
Comments are closed.
Richard
Trade stopped out, loss taken, part of the game.
DJIA is showing an Extension in the last 5th Minute Wave.
Even so, the Divergence is visible and I do not see much more up-side.
Preferably, I would like to see the retracement in Minuette (iv) (black) and then a rise and Breach of the upper Channel.
Would be very pleased to see that because not only it would confirm the Bearish Divergence, but it will also confirm a spin-off top and the end of the line.
Then I would shoot again, targeting the 22000 Levels.
I am watching the 26000 Levels because all Important Fibs meet there.