Wednesday, April 1, 2020

Dow (20,943) - wave (ii) of B completed?

Dow dropped 973 points (-4.44%) on Wednesday, magnitude wise it is possible that it has completed its wave (ii) of B. The next up trend will be the wave (iii) of B. This is assuming that Dow is forming its super wave VIII.


A bullish but unlikely fundamentally (due to Covid-19 pandemic and its impact on world economy) at this moment is a mega wave (1)-(2)formation for Dow.


Under this scenario. the next up trend is the wave (iii) of the major wave 1 of its mega wave (3).

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