We continue to locate the Dow stock in the bearish wave (Z) in magenta and expect the price to fall back to our dark green Target Zone on the south side (coordinates: $46.66 - $42.79). Traders could place a stop for long positions 1% below the lower edge of the Target Zone, or in this case 1% below the support level at $42.79. However, it should be noted that our alternative scenario has a 40% probability and would see break above the resistance level at $57.74. Wave alt. (B) in dark green would have already been completed in this scenario.
