Dow plunged 3.4% on Wednesday to 26,519 at the end of the trading session. Investors were worried about the new waves of Covid-19 that swept across Europe, US and other part of the world and the impact of further lockdown on businesses and economy.
With this 943 points drop,there is this possibility that Dow is about to complete the wave C of its major wave 2 of the mega wave (3).
The next run-up can either be the major wave 3 or it can also be the wave D if the major wave 2 were to take the form of a complex A-B-C-D-E formation.
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