OTM.Investments

Is It Time For The Recovery? Or More Down Side? (DJI)

TVC:DJI   Indice Industriale Dow Jones
Their is a lot to study here.

Ever since our initial breakout we have not seen a retest on the breakout to test for a support.

Each impulse has decreased roughly by 7% each push back up.

The last wave was a 7% impulse as we reach the level of Resistance.

The decrease in buy percentage could represent a correction to come.

24815 is key break level for upside continuation.

If it did fail to breakout out I'd look to play a bounce off the downward breakout level to see if we can find support.

Total we have 5 waves up to current level. Could be end of a wave cycle.

I know that these times have impacted many lives and ultimately I just wish it would fly back up and the world can go back to work.

Very critical area for the stockmarket around these levels.

Enjoy.
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