Dow - It is wave (xii)

Dow dropped 272 points (-1.6%) on Tuesday to end the day at 16,719 level, which is 82 points lower than its last week low of 16,801. This drop confirmed the forming of mini-wave 3 of wave c of wave (xii).

Wave (xii) may end somewhere near 16,300 level before starting its wave (xiii).

End of wave (xiii) can provide a possible ending point for major wave (5) or mega wave 1 as mentioned in my earlier posts.

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