DJIA (Dow Jones) – Primary 4 – Bearish Trend
DJIA (Dow Jones), as per the current Wave Count, has finalized the Bull Cycle for Primary 3 (blue).
We could be witnessing in the months ahead a Bear Swing so abrupt that it would tag the 21600.00 Levels.
Dow Jones is showing signs of exhaustion, with the Bearish Divergence confirming a possible drop and Bearish Break-out.
Primary 4 (blue) Correction should swallow 15% of its gains.
*This article represents a continuation of the “US-Indices – SNP500 – DJIA30 – Bearish Reversal” post.
2H Chart (picture):
2H Interactive Chart:
Dow Jones – Primary 4 – SELL Position:
Entry – 24600.00
SL – 25200.00
Targets – 24200.00 / 23500.00 / 22800.00 / 22200.00 / 21600.00
1 Comment
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(January 11, 2018)Trade stopped out, loss taken, part of the game.
DJIA is showing an Extension in the last 5th Minute Wave.
Even so, the Divergence is visible and I do not see much more up-side.
Preferably, I would like to see the retracement in Minuette (iv) (black) and then a rise and Breach of the upper Channel.
Would be very pleased to see that because not only it would confirm the Bearish Divergence, but it will also confirm a spin-off top and the end of the line.
Then I would shoot again, targeting the 22000 Levels.
I am watching the 26000 Levels because all Important Fibs meet there.