Edam - Holland
If wave (V) of Dow has the same length as that of wave (I), Wave (V) can last until the second week of May. The worst that can happen is a 3% correction at this moment to form wave 2.
Nasdaq's wave (V) has a clearer wave form than Dow as shown above. It is very clear that sub-wave v is completed. Dow has to be the same.The next wave can either be wave 2 as shown below. That means Dow is currently forming rebound wave B of 2 to be followed by a down wave C to complete the wave 2.
If Dow continues to move up in the next few days , then it is going for 9 sub-waves formation as shown below. In this scenario, sub-wave vi has just been completed. sub-waves vii, viii and ix are likely to be completed by second week of May.
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