Strike Analytics

Dow

21 Nov 201804:34 AM

At the low of wave 1 we had 8% bulls only recorded and now again at the low yesterday we have a DSI of 8% bulls and 92% bears, the extreme sentiment support tha idea that the 3 wave decline so far is not i-ii-iii but a-b-c of wave B and wave C of 2 up should follow soon. The positive RSI divergence then might help here, in a double bottom for the Dow. The next move up however may be slower than the first but should be 5 waves up to the 26000 mark.

dow211118

 

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