Anish_CMT

DJIA Sell Set-Up Through Wolfe-Wave

Short
TVC:DJI   Dow Jones Industrial Average Index
1
DJIA has completed it's Sell- Setup and broken it's 1-3 Trendline on 9th March 2017.
The 2-4 Wave forms a narrow pattern meets the 1-3 wave, further strengthening the sell structure.
According to the Sell-Setup, market can come down to 20200 levels in coming weeks. Traders can put a protective stoploss at 21200.
Trade closed: target reached: DJIA made low at 20420.
Around 400 points profit.
Traders book profit at current levels, maintain Trailing SL 20600.

Trend is still on downside.