Looking at the US30 (Dow Jones Industrial Average) on the 15-minute chart, I'm eyeing a potential short trade. The market completed its wave (5) and has begun its corrective phase with wave (a) already in progress. It looks like we might see a bounce to around the 0.640 Fibonacci level, near 40880, before continuing its downward trajectory.
I’ve set my sights on wave (c) targets, with an initial goal at 40424.51 and a more extended target down at 40142.73. This setup fits well with the Elliott Wave principles, signaling a good short opportunity if the price respects the Fibonacci retracement. I'll be looking for confirmation near 40880 to catch the next leg down. This could be a solid play to take advantage of the corrective move.
I’ve set my sights on wave (c) targets, with an initial goal at 40424.51 and a more extended target down at 40142.73. This setup fits well with the Elliott Wave principles, signaling a good short opportunity if the price respects the Fibonacci retracement. I'll be looking for confirmation near 40880 to catch the next leg down. This could be a solid play to take advantage of the corrective move.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.