I think the dow is in a strong bullmarket – superordinate. It seems that wave 4 (purple in brackets) has completet it‘s mission already and ended as a triangle.
But: On the short term, I see a possibility to short it. Startpoint: red box. Endpoint: green box.
So the green box then is the startpoint of the long call. It could be the last chance to get chaper in the market bevor wave 5 (purple in brackets) gets stronger with targets around 27.000 up to 30.000 points. This means that there’s a great chance to start a long lasting long-trade – maybe for years!
Please be careful, because if the dow goes under 23,963 points, there's a posibility for my alternative count (shown as alt. in the charts).
Please leave a commet or a message, if you have any questions.