we can see a clear impulsive elliot wave pattern with the 4th wave currently in progress and looking to end at the 38% retracement of the 3rd wave down.The wave 5th down is coming soon.
A double top pattern is also forming and we can look for it to complete with the end of 5th wave.
On the last Friday, DJI has tanked almost 2%.
after the 2008 recession, this is the first time we are observing a heavy pressure. World markets are also showing negative numbers.
no one will tell you to have a distance from the market, because they will short on your positions.
In the market, everyone wants the profits.
be aware, you will make money if you learn...
DOW HAS BROKEN WEEKLY SUPPORT, FIBONACCI SUGGESTS THAT 22500 MAY PROVIDE SUPPORT FOR SOME TIME IF THAT LEVEL IS ALSO BROKEN THEN ON DOWNSIDE 21200 LIKELY TO BE TESTED.
Dow Jones* often refers to the Dow Jones Industrial Average, which was one of the first stock indices and is one of the most commonly referred to barometers of equity performance in the United States. The Dow Jones Industrial Average, not to be confused with the Dow Jones Transportation index (which was the first index), is often called, "the Dow" or "DJIA," and consists of thirty stocks which traditionally were industrial-based. But in recent years as the US economy has become more consumer-oriented, the index has seen a change in composition that no longer has much to do with direct industrial investment.
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DJI
