NastyBeer

DJI - Dow Jones Times for a pump? Or a rally?

TVC:DJI   Dow Jones Industrial Average Index
Clear 3-3-5 hitting 8.236 on wave 5 perfectly after triggering it with wave 3 on 4.236

Whats next?

A) Pump and retest top of the downtrend and fail
B) Breakout of downtrend and rally

Invalidation: A break of the bottom of the channel

---

Little note on the PA since the top:

Although everybody is doom and gloom right now, take a look at that price action.

In no way this (yet) looks impulsive to the downside. If down then maybe later after some rally or long sideway distribution




Hold my beer pls

----

No financial advice, do your own research, don't be stupid

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.