Saturday, December 5, 2020

Dow (30,218) - Another new record high

Dow ended Friday at another new record high. If Dow can break its upper resistance line next week with another new record closing, it will be on its way to complete its sub-wave iii of its wave (iii), which is expected to be dynamic with high volume.


 

And if Dow is unable to break its upper resistance line next week and starts to move lower instead of higher, most likely it remains on its sub-wave ii consolidation with a abcde-X-abc corrective wave. Sub-wave iii formation will have to wait for a while.



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