DOW / D1 : Possible price rejection with clear support target

Jun 9, 2017

This study of DOW's price action cycles via PRO Sinewave (beta) shows that we reached an exit zone for buyers and regarding the strength of that bullish move, this could be great opportunity to profit from the possible retracement move that may follow up.
Of course this move is counter trend and should not be considered to trade any else than low leveraged and with full taking profit at target price.

Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/comment/follow if you feel like it deserve it ;)

Jun 10, 2017

Note

Updated Idea with Elliott Analysis tend to confirm a reversal point here :