This chart looks at what would occur if the dow repeated its sell off in January - as you can see from the chart, the January selloff had a fairly clear five wave chart (on the daily chart), plus a very clear second weakness in the RSI once it supposedly hit bottom. In this chart, we only have 4 out of the 5 waves, plus we are missing the second weakness in the RSI. Possible one final day of drop in the dow before recovery.
Comment:
Trade is active
Comment:
Trade was correct.