elishacfx

Some more upside expected in the Dow before it tumbles

CAPITALCOM:US30   Dow Jones Industrial Average Index
Currently, we are within the wave B of a possible zigzag and I expect price to approach the top of the channel before the C wave commences. The bluebox marked is the likely resistance level but we may see price exceeding it up to the 61.8% fibonacci retracement.

Price in the range was a bit tough to make sense of until it became to clear to me that I was looking at a triple combo that had a flat pattern for (XX). I haven't been upto date with the news but my next posts may have fundamental context.

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