PRO_Indicators

DOW / D1 : updated count and potential reversal zone

Short
FX:US30   Dow Jones Industrial Average Index
The recent US equities price actions forced me to update the previous wave count that has been invalidated. I think the latest subwave 3 may have been extended (wich is rare to see happening on higher degree wave 5.. but still it can). Plus, the current price action is absolutely not what we could expect after an ending diagonal (what the previous count was suggesting), we should have seen a sudden drop on prices wich we clearly didn't ! Anyway the scene have changed but the target still remain quite the same. That's why I'm not exiting my anticipative short positions.

Anyhow we still need to retrace back to previous wave 4 and I don't see many chances to avoid doing so ! It's just a matter of timing ! Plus you should have noticed that Sinewave is showing REVERSE pre-signal.. which really conforts me on this scenario.
With this updated count I see a clear potential reversal area slightly higher where multiple fibo projections creates a cluster.
So I'll wait and see if a clear signal comes up inside that zone to eventually put a little more leverage in (still remaining low leveraged as long as this is a counter trend corrective doubled with the fact that these will be anticipative entries, which are naturally more risky).
I'll search for a price inside the zone with a sinewave oscillator on end of cycle with an isolated momentum signal on a potential reversal candle.
That makes 4 conditions to meet and if this happens I think this will be very low risk entries perfect for an agressive short !

Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
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