Dow

Dow has fallen in 3 waves and then there was a bounce and another 3 wave decline. This set up of 3 waves up and down is mostly part of wave 2 that has developed into a running flat, a downward slanting corrective pattern in a strong trend. The upper end of the channel should not be surpassed for this pattern to hold. Then we are due to start wave 3 of 3 down right away in the US market based on this. An outright crash could follow.