Dow Hourly waves

18 Aug 2016 ‚óŹ 06:04 AM

The Dow or DJIA has the clearest 5 wave decline from the recent to in weeks. So it is an important one to note. Note also the gap down into wave iii. So the wave iv high at the gap is the key resistance. Watch if the resistance holds and we break the recent low into a 3rd wave decline, that would rule out any bullish alternatives near term.


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