BLACKBULL:US30   Dow Jones Industrial Average Index
Analyzing US30 using Elliott Wave Theory, I observed that wave (5) marked the end of the recent upward move. Following this, wave (a) initiated a significant downtrend. The recent upward correction forms wave (b). I'm now anticipating wave (c) to continue the downtrend. The first potential target for wave (c) is around 39673.68, corresponding to the 0.618 retracement level. If the bearish momentum continues, wave (c) could extend to 39561.72, aligning with the length of wave (a), or further to 39380.58, the 1.618 extension. This setup suggests a short position on US30.
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