Wave Analysis for Dow, Will it head lower?
Realised that the previous post have wrong labeling. Redo the labeling and remove the lines for better visual observation. To support my previous post, this was the wave count analysis which I did and what I see. Of course I maybe wrong so trade your plan. For the C leg, wave 5 could be extended, I am looking for an ending diagonal structure.
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Let's see of this is the daily wave 5 playing out or it will rebound for a wave 5 extension. We are currently in the sub wave 3 of 5
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Got taken out at break even. Will update of the progress
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Looking at completion of subminutte wave c at 24130, we are still in the subwave 2 of the next impulse leg. However do note that point of invalidation would be the breaking of the previous high at 24331, if price turns from resistance to support we are then in for an extended wave 5 of the minor C. The harmoncis CD leg would then have a high probability of completion.
Looking at completion of subminutte wave c at 24130, we are still in the subwave 2 of the next impulse leg. However do note that point of invalidation would be the breaking of the previous high at 24331, if price turns from resistance to support we are then in for an extended wave 5 of the minor C. The harmoncis CD leg would then have a high probability of completion.