AriasWave
Short

DOW Jones - Tracking Minor Waves - C Wave Within Wave 2

FX:US30   Dow Jones Industrial Average Index
This minor wave update is part of my previous idea on the Dow Jones, see below.

This C wave is almost done we just need Wave 5 to complete and then see a sharp reversal.

A break of the end of Wave 4 (which is the E wave of Wave 4) will signify a reversal is in progress.

Wave 4: 24291 would be a good entry point or you can wait for a pullback.

Stop would be placed at the Wave 5 high which would be confirmed once this level is broken.

When executing this trade theoretically you will be trading start of the (A) wave of the coming D wave within Wave 2.

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Please Note: All ideas are best effort at the time of posting and are subject to change at anytime due to the fractal nature of patterns. I use AriasWave methodology which is NOT Elliott Wave. I will only change view when there is enough evidence.

Comments

What a great chart Sir. Thank you for sharing.
Reply
Are we selling now 24700?
Reply
AriasWave Yasstores
@Yasstores, This still has further to go up to be same length as Wave 1 as marked on the chart. Its too risky to short now. A break of 24291 will confirm Wave 5 is over. Too early to short.
Reply
forex_adel AriasWave
Thanks @AriasWave,
Reply
forex_adel AriasWave
@AriasWave, What is the end of the expected upside wave? Almost 25,300?
Reply
AriasWave forex_adel
@forex_adel, Yes roughly 25,260 would be the same as Wave 1.
+1 Reply
forex_adel AriasWave
@AriasWave, update
Reply
Mardini Yasstores
What do you think now
I short it at 25500
Reply
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