Date : 16.02.2025
Dow Jones
Timeframe : Day chart
Remarks :
1 Formed Double top at recent trend
2 Formed Pennant pattern with support of 20 EMA at base of the flag
3 Had a Breakout from symmetrical Triangle pattern during Impulsive wave
4 Right now at 3-3-5 Flat Corrective Wave
5 As a rule, in Flat 3-3-5 Corrective Wave, if Wave B is equals Wave A forming double top kind of structure then projection of C will be below starting of Wave A as 5-3-5-3-5 Wave formation
6 Keep a close eye on breakdown of Pennant pattern below 20 EMA , Wave C will initiate
Regards,
Ankur
Dow Jones
Timeframe : Day chart
Remarks :
1 Formed Double top at recent trend
2 Formed Pennant pattern with support of 20 EMA at base of the flag
3 Had a Breakout from symmetrical Triangle pattern during Impulsive wave
4 Right now at 3-3-5 Flat Corrective Wave
5 As a rule, in Flat 3-3-5 Corrective Wave, if Wave B is equals Wave A forming double top kind of structure then projection of C will be below starting of Wave A as 5-3-5-3-5 Wave formation
6 Keep a close eye on breakdown of Pennant pattern below 20 EMA , Wave C will initiate
Regards,
Ankur
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.