Now, you can see DJI is in sideway mode. It is obvious in sideway correction (flat)?
There is inclination resistance and horizontal support line below.
If the price break above it is more bullish sentiment.
But because the market sentiment still strong bearish as anticipated correction AB yet to be completed for zig zag pattern in daily chart. What left is completed C pattern and now it has possibility of completing it wave (ii) correction, subsequently on its way to (iii).
Cheers.
There is inclination resistance and horizontal support line below.
If the price break above it is more bullish sentiment.
But because the market sentiment still strong bearish as anticipated correction AB yet to be completed for zig zag pattern in daily chart. What left is completed C pattern and now it has possibility of completing it wave (ii) correction, subsequently on its way to (iii).
Cheers.