DJIA (Dow Jones) – Primary 4 – Bearish Trend

Richard Tataru XGlobal Markets

DJIA (Dow Jones) – Primary 4 – Bearish Trend

DJIA (Dow Jones), as per the current Wave Count, possibly finalized the Bull Cycle for Primary 3 (blue).

We could be witnessing in the months ahead a Bear Swing so abrupt that it would/could tag the 21600.00 Levels.

Dow Jones is showing signs of exhaustion, with the Bearish Divergence confirming a possible drop and Bearish Break-out.

Primary 4 (blue) Correction should swallow 15% of its gains.

DJIA - 2H Chart:

Author

Richard Tataru

XGlobal Markets

Richard is a market analyst and holds the role of Senior Account Manager at XGLOBAL Markets. He is passionate about technical analysis and has been exploring the charts for years.

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