INTRA-DAY TRADING
Here I see a strong possibility that the Dow will initially fall in April and later rise towards 34053-34106.
Entry as soon as it touches 33445
SL only 5 points @33450.
TP1 32865-32834 and if there is the dashed, red abc correction then TP2 @32699.
Here I see a strong possibility that the Dow will initially fall in April and later rise towards 34053-34106.
Entry as soon as it touches 33445
SL only 5 points @33450.
TP1 32865-32834 and if there is the dashed, red abc correction then TP2 @32699.
Comment:
I have already taken a certain profit, the rest runs according to the blue arrow.
Comment:
I currently see two options here:
A) the blue variant applies if the course does not fall below wave (1) (32770), i.e. we are currently in wave (4) - abc correction, then wave (5) follows.
B) the red variant applies when the price falls below wave (1) (32770), because then it cannot be about waves 1-5, but about the red ABC bullish formation.
The condition for both variants is that 33266 is broken down.
If this does not happen, then (contrary to expectations) it can run straight up.
So pay attention to 33266!
A) the blue variant applies if the course does not fall below wave (1) (32770), i.e. we are currently in wave (4) - abc correction, then wave (5) follows.
B) the red variant applies when the price falls below wave (1) (32770), because then it cannot be about waves 1-5, but about the red ABC bullish formation.
The condition for both variants is that 33266 is broken down.
If this does not happen, then (contrary to expectations) it can run straight up.
So pay attention to 33266!
Comment:
5 points minus.
Next entrance @33600 and possibly (33714-819)
SL @33825
TP1 & TP2 remains the same.