Dow Dropped 102 points yesterday after it has completed its sub-wave 5 that consists of nine mini waves. If there is no more extension to its nine mini waves, yesterday red candlestick is likely to be its downtrend first candlestick whether its is going for possibility 1, 2 or 3.
Whether it is Nasdaq or S&P 500, the wave forms are the same. This pull back provides good entry point for those investors that are still watching at the sideline. All technical indicators are expected to return to the bottoms except possibility 2 that was mentioned in my previous post where the correction is expected to be short, the indicators may stop halfway.
Dow Dropped 102 points yesterday after it has completed its sub-wave 5 that consists of nine mini waves. If there is no more extension to its nine mini waves, yesterday red candlestick is likely to be its downtrend first candlestick whether its is going for possibility 1, 2 or 3.
Whether it is Nasdaq or S&P 500, the wave forms are the same. This pull back provides good entry point for those investors that are still watching at the sideline. All technical indicators are expected to return to the bottoms except possibility 2 that was mentioned in my previous post where the correction is expected to be short, the indicators may stop halfway.
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