Still unable to confirm whether the wave 2 rebound has been completed.
Looking at the wave count below, it appears that Dow has completed three mini waves (i)-(ii)-(iii) signalling the completion of wave 2.
But when I looked at the candlestick chart, at a glance there are 5 mini waves 1-2-3-4-5 to form the mini wave i. The current pullback is mini wave ii, Dow has yet to complete its wave 2.
To predict short term movement can be suicidal. Anyway, if wave 2 has yet to be completed, Dow is at the tail-end of it. just sit back, relax and wait for Dow to unfold.
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