Sunday, July 21, 2019

Dow - Has Wave E Started ?

Dow (27,154)

If Dow continues to move lower next week, then it is very likely that wave E has started. Be prepared for a minimum 20% correction unless it is going to be a failure E.


Once the 26,690 level is broken, I expect the 24,680 level to be the next support. And if Dow is going for a 'head and shoulder' formation, it will have a strong rebound to 26,690 level to complete the right shoulder.

If Dow is no good, the rest of the world bourses including Bursa Malaysia won't be good.


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