Dow added 215 points (+1.3%) on Tuesday but gave back 153 points (0.9%) on Wednesday. The 3 days rebound can either be the sub-wave ii of wave (i) of its major wave (6).
Or it can be the mini wave 1 of sub-wave i of its wave (xiii).
At this moment I would prefer to assume the more bearish scenario of option 1- which means Dow is currently forming the sub-wave ii rebound. It is better to take a safer stand as the next wave, the sub-wave iii, can be very damaging.
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